Related News

NASA is keeping an eye on near-Earth objects. One such object is a small asteroid called 2026 FB. This asteroid is expected to pass close to the Earth today. The

The satellite internet service Starlink, owned by Elon Musk, is now reportedly available across Kuwait. The announcement comes amid heightened tensions in the Middle East, with Kuwait battling the direct

A century ago, in a quiet cabbage patch in Auburn, Massachusetts, something happened. Dr Robert H. Goddard, a Clark University Physics professor, fired up a rocket powered by liquid fuel.

For a long time, scientists thought ravens simply trailed wolves to feed on fresh carcasses. The idea was straightforward. Follow the predator and grab the meal while the blood is

[The stream is slated to start at 2:00 p.m. ET. Please refresh the page if you do not see a player above at that time.] Nvidia CEO Jensen Huang will

Benchmark general partner Bill Gurley on Monday said the artificial intelligence wave is real and a lot of people got rich quick, but he expects a “reset” to come. “When

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

US duty bump jolts JLR, dents Tata Motors profit in Q1

Word Count: 592 | Estimated Reading Time: 3 minutes


US duty bump jolts JLR, dents Tata Motors profit in Q1

MUMBAI: The profitability of Tata Motors’ cash cow, Jaguar Land Rover, was hit by tariffs imposed by US President Donald Trump, resulting in a 30% fall in the overall profitability of the Indian company. Outgoing JLR chief Adrian Mardell anticipates new trade deals signed between the US and the UK, effective June 30, and between EU and US, announced on July 27, reducing tariffs on UK-produced and EU-made vehicles exported to America from 27.5% to 10% and 15%, respectively, will lessen the financial impact of US tariffs on the business in following quarters. Operating profit of JLR slipped 49% to 351 million pounds or Rs 4,130 crore in Q1FY26. Revenue at JLR, acquired by Tata Motors in June 2008, also decreased by 10% to 6.6 billion pounds or Rs 77,662 crore as it ceased exports to the US for nearly a month in April in response to the tariffs imposed by Trump and phased out older Jaguar models primarily made in the UK.The US is the most important export market for JLR, accounting for nearly a quarter of its sales. These earnings come just eight days after JLR announced Mardell’s exit from the company, where he has worked for 35 years and overseen its strongest profit in a decade. Incoming JLR CEO P B Balaji brushed off criticism from Trump, who accused JLR of being in “absolute turmoil” and labelled its recent marketing campaign as “stupid” and “woke”. Despite this, JLR is standing by its new branding. Tata Motors’ profit reduced to Rs 4,003 crore in Q1 FY26.





Source link

Most Popular Articles