Jaguar Land Rover CEO Adrian Mardell leaves the luxury sports utility vehicles manufacturer, as it struggles with higher US rates and a controversial judgment of the Jaguar brand. “Adrian Mardell expressed his desire to retire from JLR after three years as CEO and 35 years,” a spokeswoman said in a statement. “His successor will be announced over time.” The company, which by the Tata Motors Ltd. of India was among a number of car manufacturers to withhold profit guidance at the peak of US tariff uncertainty. JLR, who makes the Range Rover and Land Rover -SUVs, has no American factories. A video Last year, Jaguar’s overhaul as a brand that was only electric, received intense criticism. Jaguar makes no cars until the new range is ready. The role of the CEO has also recently changed hands with several other European car manufacturers, including Renault SA, Stellantis NV and Volvo Car AB. JLR’s rate joined Jaguar Land Rover to a growing list of car manufacturers who held back to provide profit guidance, as US President Donald Trump’s higher rates are still ruining the industry. The UK manufacturer of Luxury Sport Utility vehicles “still evaluates the impact of global challenges” and will offer an update on June 16, it states in a statement that accompanies its annual results. The company usually offers a profit prospects for its new financial year at this stage. Like other car manufacturers, JLR struggles, which by India’s Tata Motors Ltd. possessed, with the financial impact of Trump’s rate chaos. Earlier Tuesday, Nissan Motor Co. also decided to give a projection, to similar moves by European car businesses such as Mercedes-Benz Group AG and Stellantis NV. JLR, who has no US factories, interrupted to the country in April after Trump’s first tariff announcements before resuming exports this month. Despite the United Kingdom last week, the U.S. concluded to have 100,000 British vehicles imported at a 10% duty in the country, it is still higher than the 2.5% rate that existed before Trump’s initial announcements. JLR’s defense model is made in Slovakia and is still subject to the higher import tax of 25%. JLR will look at ways to reduce the impact of higher rates, CEO Adrian Mardell said on a call with reporters. Mardell did not want to say whether the price increases were among these measures. “We’ll wait and watch and think before we act,” he said. It is unclear when the lower British rate will come into effect, the CEO said. Higher rates will have some implication on request, although premium cars are expected to defend higher levies better, said Tata Motors CFO PB Balaji. JLR, which makes up about two -thirds of Indian parent sales, will look at other regions, including the UK and newer markets, to reduce the tariff impact. “We are very clear that we will do everything in our hands to grow,” Balaji said. JLR will have to watch cash and costs closely, Balaji said. While JLR refused to lead this financial year, Tata Motors reported the profit that exceeded expectations last quarter. Net revenue fell by 51% – slightly less than expected – to 84.7 billion rupees ($ 992 million) in the fiscal fourth quarter finished March 31. Revenue matched expectations at 1.2 trillion rupes. Tata Motors also announced a dividend of 6 rupees per share. Profit was increased by higher volumes at JLR, with the British unit achieving a 32% increase in pre -tax profit at \u00a3 875m ($ 1.2 billion). Yet JLR revenue fell 2.5% to \u00a3 7.7bn. Tata’s revenue from the passenger vehicle segment fell 13% and commercial vehicles sales fell 0.5%. JLR will also benefit from lower rates in India. In another rural trade agreement, the South Asian country will reduce the duties on cars in the UK, including hybrids and EVs, to as low as 10% of a prevailing rate of up to 110% over a period of time. More stories like these are available on Bloomberg.com \u00a9 2025 Bloomberg LP<\/p>\n","protected":false},"excerpt":{"rendered":"
Jaguar Land Rover CEO Adrian Mardell leaves the luxury sports utility vehicles manufacturer, as it struggles with higher US rates and a controversial judgment of the Jaguar brand. “Adrian Mardell expressed his desire to retire from JLR after three years as CEO and 35 years,” a spokeswoman said in a statement. “His successor will be<\/p>\n","protected":false},"author":1,"featured_media":184561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-184560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/184560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/comments?post=184560"}],"version-history":[{"count":0,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/posts\/184560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media\/184561"}],"wp:attachment":[{"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/media?parent=184560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/categories?post=184560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hameed.nwar.uk\/sa\/wp-json\/wp\/v2\/tags?post=184560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}