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BUZZ-India's Tata Motors drops as quarterly results indicate a 'tough year ahead' for JLR

Reuters
May 14, 2025
BUZZ-India's Tata Motors drops as quarterly results indicate a 'tough year ahead' for JLR

** India's Tata Motors TAMO.NS sheds 1.5% to 698 rupees

** Carmaker beat quarterly profit estimates but abstained from confirming its fiscal 2026 target of a 10% EBIT margin, for its luxury car brand Jaguar Land Rover (JLR), amid U.S. tariff changes

** Jefferies (underperform) says JLR is likely to face a tough year ahead due to US tariffs and increasing competition in China

** ICICI Direct also highlighted near-term challenges for JLR due to tariffs uncertainty and muted China demand, downgrading stock to "add" from "buy"

** TAMO among nine stocks on 15-member auto index .NIFTYAUTO rated "buy" - data compiled by LSEG

** Stock down 5.7% in 2025 vs auto index's 1.6% climb

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))

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