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Domestic demand didn't offer much of a cushion either, with India sales of cars and commercial vehicles down 7% year-on-year.
Revenue fell 9.2% after the U.S. put a 25% tariff on top of an existing 2.5% duty on U.K. and EU-made vehicles exports.
Pre-tax profit for the April to June quarter fell 49 per cent from a year earlier to £351mn, while its operating profit margin fell to 4 per cent from 8.9 per cent due to a £254mn hit from the 27.5 ...
Jaguar Land Rover (JLR) has reported a sharp 49% drop in quarterly profits, blaming US tariffs and weakening sales for the ...
Incoming CEO PB Balaji gave a resolute response when asked about the POTUS' comments, claiming that the car maker has seen a ...
The luxury car maker reported a 49.4% plunge in underlying pre-tax profits to £351 million in its first quarter to the end of ...
Jaguar Land Rover parent Tata Motors Ltd. reported a slightly lower-than-expected quarterly profit, as softer demand and US ...
He is the first Indian to hold the top position at the automobile company and will take over his new responsibility in ...
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GlobalData on MSNTata Motors sees 62% profit drop in Q1 amid JLR struggles and US tariffs
JLR parent Tata Motors has disclosed a significant drop in its quarterly net profit, primarily due to lower demand and the imposition of US trade tariffs.
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CarExpert on MSNJaguar Land Rover appoints Tata executive as new CEO
Jaguar Land Rover was established in 2008 when Tata Motors bought Jaguar and Land Rover from Ford for US$2.2 billion. Along ...
Jaguar Land Rover (JLR) profits fell by half after a slump in sales as the luxury group was pummelled by US trade tariffs on ...
Four agency groups are competing to win Jaguar Land Rover’s global integrated marketing account. Campaign understands that ...
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