Shares of automaker Tata Motors sank 8 per cent on Monday after Jaguar Land Rover (JLR), which makes luxury cars, paused exports of its British-made cars to the US following President Donald Trump’s 25 per cent tariff came into effect.

The slide on the day takes the stock’s tumble to 20 per cent since Trump announced the import duties on March 26. In that period the benchmark Nifty 50 has dropped 6 per cent, including a 4 per cent slump on the day.

The United States is the second-biggest importer of British-made cars after the European Union, with nearly a 20 per cent share, data from industry body SMMT shows.

The US was one of JLR’s only growth markets last year and accounts for more than a quarter of its global sales of Range Rover Sports, Defenders and other models.

Published on April 7, 2025