Tata Group has initiated cost assessments across its businesses in the wake of reciprocal US tariffs. Tata Steel UK has begun negotiations against the new regulations, while Jaguar Land Rover (JLR) has halted shipments to the US.
At the annual meeting of Tata Group CEOs in Dubai, Executive Chairman N. Chandrasekaran commented on the company's cost and strategy reviews. He highlighted global geopolitical uncertainties and economic changes and discussed the impact on the company's global operations.
The Tata Group aims to take strategic steps to alleviate the financial pressure that the US tariffs will create in the steel and automotive sectors. JLR's decision to halt shipments to the US market, along with the high tariffs imposed by the US on steel products, is a development that directly affects the automotive industry.
Tata Steel UK, on the other hand, continues its negotiations in the European and US markets to comply with the new regulations.
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