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British carmaker JLR trims FY26 margin forecast to 5%-7% as US tariffs cast shadow
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British carmaker JLR trims FY26 margin forecast to 5%-7% as US tariffs cast shadow
Jun 15, 2025 9:49 PM

June 16 (Reuters) - British luxury carmaker Jaguar Land

Rover cut its fiscal 2026 earnings before interest and taxes

margins forecast to 5%-7% on Monday from 10% earlier, citing

uncertainty in the global auto industry as U.S. tariffs loom.

Shares in the company's Indian parent Tata Motors

dropped as much as 4.7% in early trade after the announcement.

JLR's EBIT margin forecast was also below its reported

margin of 8.5% for the previous fiscal year.

JLR, which gets over a quarter of its sales from the U.S.,

had temporarily paused shipments to the country after its

President Donald Trump slapped a 25% duty on all foreign-made

vehicles sold in the world's second-largest car market.

Tata Motors' ownership of JLR makes it among the most

exposed Indian automakers to Trump's tariffs on vehicle imports.

Unlike most of its rivals, including German brands Mercedes-

Benz and BMW, JLR has no manufacturing presence in the

U.S.

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