JLR-owner India's Tata Motors set for worst week in 10 months; CLSA sees US tariffs hitting sales

Shares of Tata Motors Ltd TAMO.NS slide 9.2% this week, set for their biggest weekly loss since May 2024

Indian automaker currently down 6.3% on the day, among biggest losers on Nifty 50 .NSEI index

CLSA downgrades Jaguar Land Rover (JLR) owner to "outperform" from "high conviction outperform", lowers PT to 765 rupees from 930 rupees

Brokerage sees JLR's global volumes dropping 14% in FY26 due to U.S. tariff of 25% on imported cars

Adds, in U.S. – one of JLR's few growth markets last year - JLR sales would fall 26% in FY26

JLR's luxury cars are made in the UK and Slovakia

Estimates JLR EBIT margin to drop to 7% in FY26 vs company's target of 10%

JLR will remain net debt free with positive free cash flow of 575 million pounds ($746 million) - CLSA

Stock down 17% so far this year vs auto stocks' .NIFTYAUTO ~10% decline