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Tata Motors shares in focus after reports suggest JLR resumes car exports to the US

Published on 05/05/2025 06:21 AM

Tata Motors shares in focus after reports suggest JLR resumes car exports to the USJLR has not commented officially on the resumption of shipments, neither has CNBC-TV18 independently verified the story.By Hormaz Fatakia   May 5, 2025, 6:21:41 AM IST (Published)2 Min ReadShares of passenger and commercial vehicles manufacturer Tata Motors Ltd. will be in focus on Monday, May 5, after reports suggested that its subsidiary Jaguar Land Rover (JLR) has resumed shipments of vehicles to the US.

Reuters reported over the weekend quoting the London Times that the first shipments of JLR vehicles bound for the US left the UK last Wednesday after nearly a month.

However, JLR has not commented officially on the resumption of shipments, neither has CNBC-TV18 independently verified the story.

JLR had paused shipments to the US at the start of April, in light of US President Donald Trump's imposition of 25% tariffs on all automobile imports to the US, which came into effect on April 3.

The US is the second-biggest importer of cars made in the UK, after the European Union, with a share of nearly 20%, according to the local industry body.

While Trump last week said that he will relax levies on imports of auto parts through a mix of credit and other measures, carmakers said that more will be needed to assuage concerns.

Another UK-based carmaker Aston Martin said that it will split the costs from the US tariffs between the company and its customers, sell down its US inventory, while limiting their shipments to the US.

Shares of Tata Motors ended 1.2% higher last Friday at ₹652. The stock has risen 12.5% over the last one month.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsJaguar Land Rovershare market todayTata MotorsTata Motors share price