Tata Group-owned Jaguar Land Rover’s CEO Adrian Mardell to step down, successor to be announced soon
Jaguar Land Rover CEO Adrian Mardell is separated from the manufacturer of luxury sports service vehicles because it struggles with higher US tariffs and a controversial make -up of the Jaguar brand.
“Adrian Mardell, three years later as a CEO JLR desire to retire from JLR three years later and 35 years with the company,” he said. He said. “His successor will be announced in time.”
The company, owned by India’s Tata Motors Ltd., was among a number of automobile manufacturers to hide profit guidance at the summit of the US tariff uncertainty. JLR, which makes Range Rover and Land Rover SUVs, do not have US factories.
Last year, a video that enabled Jaguar to be renewed only as an electric brand received intensive criticism. Jaguar doesn’t make a car until the new series is ready.
The CEO role has recently changed hands in many other European car manufacturers, including Renault SA, Stellantis NV and Volvo Car EU.
JLR’s tariff problems
Jaguar Land Rover, US President Donald Trump’s high tariffs continued to damage the sector, while involved in profit guidance, an increasing list of automobile manufacturers participated in the list.
British Luxury Sports Public Services producer “continues to evaluate the impact of global challenges” and said it would provide an update on the investor day on June 16th. The company normally provides a profit appearance for the new financial year at this stage.
Like other automobile manufacturers, JLR belonging to India’s Tata Motors Ltd. is struggling with the financial effect of Trump’s tariff chaos. In the early hours of Tuesday, Nissan Motor Co., Mercedes-Benz Group AG and Stellantis NV decided to give a projection following similar movements.
JLR, which does not have a US factory, paused reports to the country in April after Trump’s first tariff announcements in April before continuing exports this month.
Although the UK made an agreement last week to allow the US and 100,000 British vehicles to be imported to the country with 10% tasks, it is higher than 2.5% before Trump’s first announcements. JLR’s advocacy model is made in Slovakia and is still subject to 25% import tax.
Adrian Mardell, Chairman of the Executive Officer, said that JLR will look at the ways to reduce the impact of higher tariffs. Mardell refused to tell you whether price increases are among these measures. “We will wait and see and reflect it before taking action,” he said. The CEO remains unclear when the lower UK ratio will come into force.
Tata Motors’ finance manager PB balaji on a call, premium cars are expected to better ventilate higher taxes, but higher tariffs will have an effect on demand, he said.
JLR, which constitutes about two -thirds of Indian parent sales, will look at other regions, including the UK and new markets to reduce the tariff effect. Balaji, “We will do everything in our hands to ensure growth,” he said. Balaji said that JLR should take a closer look at cash and costs.
Although JLR refused to provide guidance for this financial year, Tata Motors reported profits that meet expectations in the last quarter. The net income fell 51% in the fourth quarter ended on March 31 – a little less than expected – 84.7 billion rupees ($ 992 million). Tata Motors also announced 6 Rupi dividends per share.
The profit was increased with higher volumes in JLR, and the British unit increased a 32% increase in pre -tax profit to £ 875 million ($ 1.2 billion). Nevertheless, JLR’s income decreased by 2.5%. TATA’s passenger vehicle segment income fell by 13% and commercial vehicle sales decreased by 0.5%.
JLR will also benefit from low tariffs in India. In another turning point in the trade agreement, the South Asian Nation will reduce tasks on cars in the UK, including hybrids and homes, up to 10%.
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