Overview

• JLR revised its FY26 EBIT margin guidance to 5–7%, down from a 10% forecast.
• The automaker now expects free cash flow to be close to zero in FY26, compared with £1.5 billion generated in FY25.
• Tata Motors shares fell over 5% on June 16 after the subdued outlook raised investor concerns over JLR’s near-term profitability.
• The company paused US exports in April over a 25% tariff but resumed shipments in May under a UK-US deal limiting duties to 10%, and is reallocating vehicles and weighing price hikes to contain costs.
• Despite near-term pressures, JLR remains committed to its £18 billion investment plan and is preparing an all-electric Freelander model for the second half of FY26.