<ul data-eligibleForWebStory="true"><li>HDFC Securities has downgraded Tata Motors shares to 'Reduce' due to caution regarding the JLR segment in the near term amid a challenging business environment.</li><li>Tata Motors' management has guided for an FY26 EBIT margin of 5-7% for JLR, citing tariff uncertainty and business challenges.</li><li>The company announced enterprise missions to offset tariff-related costs, forex headwinds, and the slowdown in China, aiming for benefits of £1.4 billion per annum.</li><li>Despite challenges, management has reinstated its long-term goal of achieving a 15% EBIT margin for JLR.</li></ul>

Tata Motors Shares Gets HDFC Securities 'Reduce' As It Remains Cautious On The JLR Segment In The Near Term

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