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Reuters
Sun, Apr 6, 2025, 9:09 PM 1 min read
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(Corrects typo successful headline)
(Reuters) - Shares of Indian automaker Tata Motors sank 8% connected Monday aft Jaguar Land Rover (JLR), which makes luxury cars, paused exports of its British-made cars to the U.S. pursuing President Donald Trump's 25% tariff came into effect.
The descent connected the time takes the stock's tumble to 20% since Trump announced the import duties connected March 26. In that play the benchmark Nifty 50 has dropped 6%, including a 4% slump connected the day.
The United States is the second-biggest importer of British-made cars aft the European Union, with astir a 20% share, information from manufacture assemblage SMMT shows.
The U.S. was 1 of JLR's lone maturation markets past twelvemonth and accounts for much than a 4th of its planetary income of Range Rover Sports, Defenders and different models.
(Reporting by Nandan Mandayam successful Bengaluru; Editing by Savio D'Souza)
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