Research ReportsTata Motors Well Positioned To Navigate Near-Term Challenges, Says ICICI Securities Maintaining 'Add'
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Tata Motors Well Positioned To Navigate Near-Term Challenges, Says ICICI Securities Maintaining 'Add'
In the near to medium term, Tata Motors is facing challenges including currency volatility, elevated capex, higher working capital requirement and product transition related costs, adds the brokerage.
On the tariffs front, JLR mentioned that it is engaging with the US government. (Photo source: NDTV Profit)
On the tariffs front, Jaguar Land Rover mentioned that it is engaging with the US government. The UK-US trade deal is expected to reduce tariffs from 27.5% to 10%, although tariffs on Slovakia (where the Defender SUV is produced) will remain contingent on EU tariff deal. JLR is actively redirecting supply to more accessible markets and is assessing pricing actions in the US to help mitigate the financial impact from tariffs.