Shares of Tata Motors have lost nearly 13% of their value since the start of 2025 due to rising risk aversion in the wake of the tariffs imposed by the US on imported cars. Nearly 30% of the JLR’s cars are sold in the US.
The Coventry, England-headquartered company had put shipments on hold
in early April as it looked at ways to address the new trading terms. UK peer Aston Martin Lagonda Global Holdings Plc also adapted deliveries in response to the tariffs.
“The USA is an important market for JLR’s luxury brands and 25% tariffs on autos remain in place,” a spokesperson for JLR said in a statement on Saturday (May 3, 2025). “As we work to address the new US trading terms with our business partners, we are enacting our planned short-term actions.”
Also Read | Karnataka proposes one-time lifetime tax structure for motor vehicles: All about it
The company is developing mid-term to long-term plans and will give a further update at its full-year results, which are scheduled for release on May 10.
Jaguar Land Rover sold 430,000 vehicles in the 12 months to March 2024, of which almost a quarter were in North America, according to its latest annual report. In January, the company posted a 17% drop in quarterly pretax profit.
Also Read | BYD posts best month of sales yet in 2025 with pure EVs a hit
News of the resumption of shipments was first reported by the London-based Times. Shipments normally take around three weeks to arrive in the US, meaning the first vehicles would reach American ports on about May 20, the newspaper said.
First Published: May 3, 2025 7:57 PM IST