- विज्ञापन -
Shares of Tata Motors Ltd dropped nearly 10% on Monday after its luxury division, Jaguar Land Rover (JLR), announced it would suspend exports to the United States in response to new auto tariffs imposed by US President Donald Trump.
This decision follows Trump’s executive order on April 2, which introduced a 25% tariff on all foreign-made cars entering the US. The tariff takes immediate effect on fully assembled vehicles and will extend to auto components starting May 3.
While India’s auto industry is largely insulated from the direct impact of these tariffs due to relatively small exports to the US, the move has raised concerns for Tata Motors, which owns JLR. In 2024, India’s car exports to the US totaled just $8.9 million, making up only 0.13% of the country’s total car exports valued at $6.98 billion, according to the Global Trade Research Initiative.
However, JLR’s significant exposure to the US market leaves Tata Motors vulnerable to the broader effects of the American trade policy shift.
