Jaguar Land Rover (JLR), the British luxury automotive manufacturer and subsidiary of Indian conglomerate Tata Motors $TATAMOTORS.NS, has downgraded its earnings before interest and taxes (EBIT) margin forecast for fiscal year 2026 to 5%-7%, down sharply from the prior estimate of 10%. This adjustment reflects mounting uncertainty in the global automotive sector, notably stemming from the prospect of U.S. tariffs on imported vehicles and components. Following the announcement, Tata Motors shares declined by as much as 5.2% in early trading, signaling investor concerns over profitability pressures in JLR’s core business. The new margin guidance also falls below JLR’s reported 8.5% EBIT margin in the fiscal year ending March 31, underscoring a more cautious outlook for the luxury carmaker amid ongoing macroeconomic and trade-related headwinds.