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Jaguar Land Rover sells about 25% of cars in the US.
Tata Motors’ premium car company Jaguar Land Rover (JLR) has stopped the shipment of cars from Britain for a month. JLR has taken this decision to avoid the Trump government’s 25% tariff policy. The company said that this step is part of the strategy to reduce the impact of the new tariff.
In fact, from April 3, the US imposed 25% tariff on imported cars and light trucks. Tata Motors shares have fallen by 15% since the announcement of 25% tariff on 27 March. Apart from this, the US automobile company General Motors has recorded a decline of 3% and stytantis by 15% decline.
Jaguar Land Rover sold 4 lakh cars worldwide in FY 2024.
Car prices may rise in America
According to reports, the average price of new cars in the US is already around US $ 49,000 (Rs 42 lakh). After the new tariff is implemented, their weight can be poured on customers. Due to this, the price of imported cars can be increased by $ 12,500 (Rs 10 lakh).
According to the news agency PTI, this tariff may increase the cost of vehicle manufacturers and a decline in sales. American car companies import many of their auto parts from other countries.
Tata Motors profit reduced by 22%
Tata Motors had a net profit of Rs 5,451 crore in the third quarter of FY 2024-25. It has decreased by 22% on an annual basis. The company’s profit in the same quarter of a year ago was Rs 7,025 crore.
The company’s revenue was Rs 11.36 lakh crore due to the operation in the October-December quarter. In the same quarter of a year ago, Tata Motors generated a revenue of Rs 11.06 lakh crore. It has increased 2.71% on an annual basis.
