Tata Motors shares sink nearly 10% after luxury arm JLR halts US exports amid Trump’s tariffs – The Times of India

Shares of Tata Motors Ltd tumbled nearly 10 per cent on Monday after its luxury arm, Jaguar Land Rover (JLR), announced a halt on exports to the United States in response to new auto tariffs imposed by US President Donald Trump.
JLR’s decision comes after President Trump signed an executive order on April 2, slapping a 25% tariff on all foreign-made cars entering the US. The tariffs apply immediately to fully assembled vehicles and will extend to auto components starting May 3.
While India’s auto industry is largely shielded from the direct impact of the US tariffs, given that the country’s exports to the American market are relatively small, the move has raised concerns for Tata Motors, which owns JLR. In 2024, India’s car exports to the US stood at just $8.9 million, or a mere 0.13% of total car exports worth $6.98 billion, according to data from the Global Trade Research Initiative.
However, JLR’s exposure to the US market is significant, making Tata Motors vulnerable to the ripple effects of the American trade policy shift.