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Bloomberg Quint

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Image Credit: Bloomberg Quint

Tata Motors Well Positioned To Navigate Near-Term Challenges, Says ICICI Securities Maintaining 'Add'

  • Tata Motors is facing near to medium-term challenges such as currency volatility, elevated capex, working capital requirements, and product transition costs according to ICICI Securities.
  • Jaguar Land Rover is engaging with the US government regarding tariffs with expectations for a reduction from 27.5% to 10% under the UK-US trade deal. The tariffs on Slovakia, where the Defender SUV is produced, will depend on the EU tariff deal. JLR is redirecting supply to other markets and considering pricing actions in the US to offset tariff impacts.

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