According to the company's annual report, 22 per cent of JLR's overall sales came from the US, making it a major revenue source for the brand. JLR vehicles sold in the US are mainly produced in the UK and other international plants, all of which will now face a 25 per cent tariff. The impact of these new tariffs on the company's financials remains uncertain, leading to volatility in Tata Motors' stock. Despite the recent fall, the company's management has remained optimistic. Tata Motors had recently reiterated that JLR is on track to meet its fourth-quarter target of 10 per cent EBIT (earnings before interest and taxes) margins and aims to be net debt-free by the end of the financial year. These comments had earlier helped the stock recover from its 52-week low of Rs 606. Even after its recent recovery, the stock remains down by 40 per cent from its all-time high. Many analysts believe that the uncertainty surrounding tariffs is keeping investors cautious.