Shares in parent company Tata Motors fall as JLR says it will reallocate vehicles to ‘accessible markets’
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The British luxury carmaker Jaguar Land Rover has warned of a hit to profits from Donald Trump’s tariffs, after the company temporarily paused deliveries to the US.
The carmaker, which is owned by India’s Tata Motors, halted shipments to America in April and removed some marketing programmes after the US president imposed a 25% duty on all foreign-made vehicles, before resuming them last month. The country accounts for more than a quarter of JLR’s sales.
As part of a presentation to investors released to the Mumbai stock exchange, JLR, which makes the Defender sports utility vehicle (SUV), said it was “reallocating available units to accessible markets” to boost profits. It is also considering raising prices in the US to help to counter the impact of tariffs.
