Tata Motors: No plans to set up JLR plant in US

THE MAKE IN the US push by President Donald Trump has failed to generate interest in the business plans of Tata Motors-owned Jaguar Land Rover, though both the luxury auto brands are preparing to mitigate the impact of the tariff hike.

- SWARAJ BAGGONKAR

PB Balaji, group chief financial officer, Tata Motors said, that despite the net hike in tariff of 7.5% on cars exported to the US from the UK, there are no plans of setting up a factory in the US.

"We need to be careful that we do not overextend ourselves. We also need to ensure that whatever is done, is done for the long term and not just for the reactive mechanism for what it is today," Balaji told reporters.

Three months ago, the US slapped an import tariff of 25% on automotive products. This was a big negative for JLR since the US is its biggest market globally.