British carmaker JLR trims FY26 margin forecast to 5%-7% as US tariffs cast shadow

Yahoo

15 hours ago

(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.