There's more to Tata Motors' decline than just Trump tariffs

A week is a long time in politics. But if the first seven days of April are anything to go by, this should now hold true for businesses too. As Trump tariffs plunge world order in chaos, among the highest damage back home has been sustained by Tata Motors. With a 14 per cent drop, the automaker is the second worst-hit Sensex large cap in just the last week. The culprit is Trump's 25 per cent tariff on all automobile imports to the US, which hurts Jaguar Land Rover (JLR), Tata Motors' main money maker. JLR is Tata Motors' lifeblood, responsible for over 70 per cent of its revenue. And for the luxury car maker, the US is its second largest market making up nearly 15 per cent of its revenue pie and about a third of its overall volumes.