• Source:JND
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Tata Motors Share Price: Shares of auto giant Tata Motors Ltd fell more than 10% in April after its major subsidiary Jaguar Land Rover (JLR) announced that it would stop exports to the US. The market has been witnessing sharp fluctuations. The company's shares announced that it would stop exports to the US in the wake of President Trump's imposition of tariffs.

At 10.04 am, shares of Tata Motors were trading at Rs 550 on the NSE. They were down 10.40 per cent from the previous session's closing price of Rs 613.85. Tata Group stock was one of the biggest losers on the BSE and NSE.

The UK-based auto giant, which is a subsidiary of Tata Motors, said that exports to the US will be stopped as the US administration plans to impose a 25 per cent tariff on imported cars. the firm would assess the situation to figure out what they can do to tackle the current tariff. 

Earlier, in the wake of the tariffs, international brokerage CLSA on April 4 downgraded its rating on Tata Motors shares to ‘outperform’ from ‘over-perform’. The target price for the Tata Group player was earlier cut to Rs 765 from Rs 930. This downgrade comes amid concerns over the imposition of a 25 per cent US tariff on all auto imports, which could see JLR volumes fall by 14 per cent year-on-year in FY26. Tata Motors is likely to be hit hard by the tariffs as its subsidiary Jaguar Land Rover (JLR) has a good market share in the US car market.

In FY24, JLR sold over 400,000 units globally, of which around 23 per cent were sold in the United States. CLSA expects JLR’s EBIT margin to decline from 9 per cent in FY25 to 7 per cent in FY26/27. JLR's FY2026 EBITDA estimates have been cut by 15 per cent, but free cash flow is expected to be positive.

This is a developing story...