New Delhi, June 16 -- Shares of India's top auto company Tata Motors declined over 5% in early trade on Monday as it expects the FY26 earnings before interest and taxes (EBIT) margins of 5% to 7% for its British luxury carmaker Jaguar Land Rover (JLR), lower than an initially targeted 10%, amid US-imposed tariffs.

As the global auto industry gauges the impact of looming US tariffs, Tata Motors remains one of the most exposed Indian automakers to Donald Trump's tariffs on vehicle imports, given its ownership of Jaguar Land Rover.

The EBIT margin outlook for the current fiscal year remains below the reported margin of 8.5% for FY25.

More to come...

Published by HT Digital Content Services with permission from MINT....