Tata Motors stock plunged 8% following reports that its UK-based subsidiary, Jaguar Land Rover (JLR), will temporarily halt vehicle shipments to the United States. The move comes in response to the US government’s imposition of a 25% tariff on all automobile and auto component imports.
JLR announced a one-month pause in exports to the US, starting April 7. “As we work to address the new trading terms with our business partners, we are taking some short-term actions, including a shipment pause in April, as we develop our mid- to longer-term plans,” the company said in a statement shared with Reuters.
The US is a crucial market for JLR. In FY24, the region accounted for 23% of JLR’s revenue and 26% of its total wholesale volume. The exposure further increased in the first nine months of FY25, with the US contributing 33% to overall volumes. Most of JLR’s vehicles are manufactured in the UK, with the Defender model—making up 25.9% of US shipments—produced in the EU.
Tata Motors shares opened at ₹560.50, touched a high of ₹567.30, and a low of ₹556.00 today. Notably, ₹556.00 also marks the 52-week low, while the 52-week high stands at ₹1,179.00.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
