Donald Trump has announced 25% tariff on the auto sector. Meanwhile, Tata’s company has decided not to send its car to America. The subsidiary of Tata Motors has taken such a decision by the Jaguar Land Rover. According to the Economics Times report, Jaguar Land Rover has stopped the export of vehicles made in Britain from sending exports to America.
This decision of Britain’s largest car making company will be effective from Monday. A 25 percent tariff imposed on the auto sector by the US government will be applicable from Thursday. This decision of this company owned by Tata Motors is being seen as a way to avoid Trump’s tariff. Jaguar Land Rover is a company to employ 38000 people in Britain.
Why does the company not want to export right now?
The ET report claims that JLR already has a two -month supply of cars in the US, on which new tariffs have not been implemented. In such a situation, this company has taken a very thoughtful decision. It takes a 21 -day time to send US vehicles from Atlantic. In such a situation, the decision not to export right now makes the company think towards the strategy.
What did the company say on this decision?
The company has also released a statement on its website. The company has made a global appeal and said that our business is not dependent on any one. We are accustomed to the changing situation of such market. Jaguar Land Rover further said that it is our priority to deliver vehicles to our customers spread around the world.
Since March 2024, in the last 12 months, Jaguar Land Rover has sold 4,30,000 vehicles. One quarter of this has been sold in North America. The company said that his profit has fallen by 17 percent in December. It was bought by Tata in 2008.
The impact can be seen on the share
On Monday, Tata Motors shares can be affected. On Friday, Tata Motors Share fell 6 percent to Rs 615.10. Its 52 -week high level is Rs 1,179 and a low of 52 weeks is Rs 606.
(Note- Take the help of financial advisor before investing in any share.)