<ul><li>Tata Motors shares fell as CLSA downgraded the auto giant and expects US tariffs to hit JLR business.</li><li>CLSA revised down JLR's performance outlook for FY 2026, primarily in the US market, due to rising import tariffs.</li><li>CLSA expects a 14% YoY decline in JLR's global volumes and a 26% fall in US volumes due to the 25% import tariff on cars from fiscal 2026.</li><li>Tata Motors' shares fell 5.80% to Rs 616.05 apiece, the lowest level since March 4, due to concerns over JLR's performance and US tariffs.</li></ul>

Tata Motors Shares Fall As CLSA Expects US Tariffs To Hit JLR Business

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