Tata Motors denies reports of halting JLR exports to US, evaluating tariff impact
By BasisPoint Insight
April 8, 2025 at 12:27 PM IST
Tata Motors Ltd. on Tuesday denied reports that it had decided to suspend exports of Jaguar Land Rover vehicles to the United States, saying no such plan of action had been taken. The company clarified that JLR is currently evaluating various options to address the impact of the recently announced 25% import tariff by the US government.
The clarification followed a report by The Times over the weekend, which claimed that the British carmaker was planning to halt shipments to its second-largest market. In an exchange filing, Tata Motors said: “There is no decision or plan of action. This is just emphasising that JLR is evaluating various options.”
The United States is JLR’s second-biggest market after the European Union, accounting for around 20% of its total exports. The new import tariffs were announced by US President Donald Trump on 27 March 2025 as part of a broader package of reciprocal trade measures.
Tata Motors also attributed the recent fall in its share price to broader external factors. Its stock declined 12.2% between Thursday and Monday, while the benchmark Nifty 50 index dropped 4.3% over the same period. The company said the decline was unrelated to the news report.