JLR cars sold in the US are primarily manufactured in the UK and other international locations—all of which will now be subject to the 25 percent tariff.

Mumbai: Shares of Tata Motors Limited, the parent company of luxury carmaker Jaguar Land Rover (JLR), fell sharply on Thursday, after US President Donald Trump announced a 25 per cent tariff on cars that are not manufactured in the United States. The stock declined 5.47 per cent or Rs 38.75 to close at Rs 669.5 on the National Stock Exchange (NSE).

The stock has cracked after Trump proposed a 25 percent tariff on imported cars as part of his broader trade policy.