Jlr
Tata Motors’ company Jaguar Land Rover (JLR) has stopped exporting vehicles to the US from its manufacturing plants in Britain due to changes in tariff structure. A JLR spokesman stated that the US is an important market for their luxury brands and they are working with their business partners on new trading terms. The company has stopped export consignment in April under short term action and is making plans for long -term from medium.
America is a big market for JLR
This step has been taken after 25 per cent of tariffs imposed by the Trump administration on imported cars from April 3. JLR states that its luxury brands have a global appeal and are capable of facing changing market conditions. The company’s priority is now to serve customers worldwide and to extract a solution of America’s new business conditions. In FY 2024, about 23 per cent of the total sales of JLR were in the US market and all these vehicles were exported from Britain.
India is in better position
From April 2, the US has imposed an additional 26 per cent import duty on India. While Vietnam is facing 46 percent, China is facing 34 percent, Indonesia 32 percent and Thailand is facing 36 percent customs. Indian exporters are in a better position to deal with the new American tariffs than the competitive countries facing a lot of import duty in the US. India can take advantage of this by attracting investment, increasing production and increasing exports to the US.
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