Machibet777 CasinoSteel to Jaguars: Tatas evaluate US tariffs hit - Times of India

Steel to Jaguars: Tatas evaluate US tariffs hit

Tata Group is reassessing costs due to US-imposed reciprocal tariffs, discussed at their CEOs' conclave in Dubai. Chairman N Chandrasekaran addressed geopolitical uncertainties and economic changes. The tariffs impact key segments like JLR and IT services, prompting efforts to mitigate effects on their broad US exposure.
Steel to Jaguars: Tatas evaluate US tariffs hit
MUMBAI: Tata Group has initiated cost assessment across its businesses following the White House's reciprocal tariffs.
At the annual Tata Group CEOs' conclave in Dubai, chairman N Chandrasekaran addressed global geopolitical uncertainties and economic changes. The event was also attended by Tata Trusts chairman Noel Tata and his three children, marking his first major internal gathering since becoming chairman of the philanthropic organisations overseeing the Tata Group in Oct 2024.
The US represents a significant market for Tata Group's diverse portfolio. Jaguar Land Rover (JLR), the Britain luxury carmaker, has halted shipments to the US and is working to mitigate the effect of US President Donald Trump's 25% tariff. JLR sells 4 lakh vehicles annually, with US exports accounting for almost a quarter of total sales.
Tata Steel UK is negotiating new trading arrangements with customers in the US while addressing concerns about low-priced steel entering Britain from international sellers seeking alternative markets following Trump's new tariffs.
At the conclave, each Tata Group CEO presented their company's previous fiscal year performance, challenges, and future expectations.

The group's revenue source has increasingly shifted towards India, contrasting with the previous era under former chairman Ratan Tata when international markets generated two-thirds of revenue. Despite substantial investments in steel, semiconductor and electronics sectors in India, the US remains significant for Tata Group's operations.
The new tariffs raise concerns about reduced IT spending by US firms, potentially affecting TCS. Tata AutoComp's export business faces increased manufacturing costs due to these tariffs. At the conclave, Chandrasekaran expressed confidence in India's position, citing strong consumption levels among other factors.

Stay informed with the latest business news, updates on bank holidays and public holidays.


author
About the Author
Reeba Zachariah

Reeba Zachariah is assistant corporate editor at The Times of India, Mumbai. She has been covering large Indian business houses such as the Tata Group. She also reports on a host of sectors like hospitality, retail, travel, liquor and consumer durables. She has been writing on mergers and acquisitions and private equity.

End of Article
FOLLOW US ON SOCIAL MEDIA