Tata Group confirmed that it has launched a comprehensive cost and strategy review across its global businesses. This move comes in response to the White House’s recent imposition of reciprocal tariffs, which have triggered disruptions across multiple industries. The decision was announced following the annual Tata CEOs' conclave held in Dubai, where leaders from across the conglomerate discussed the challenges posed by the current global economic climate.
Chairman N Chandrasekaran led the discussions, focusing on the growing uncertainties in global trade and the need for strategic recalibration. The conclave also marked a significant moment for Tata Trusts chairman Noel Tata, who attended with his three children—his first major internal appearance since taking over the philanthropic arm of the Group in October 2024.
The US continues to be a key market for several Tata subsidiaries, and the latest tariffs have had immediate consequences. Jaguar Land Rover (JLR), the Britain luxury automaker owned by the Group, has halted shipments to the US. The company, which sells approximately 4 lakh vehicles annually, sees the US as contributing nearly 25% of its total sales. JLR is currently exploring alternative strategies to mitigate the effects of the 25% tariff.
Tata Steel UK is also feeling the pressure. The company is in talks with American clients to adjust trade agreements while also monitoring a surge in low-cost steel entering Britain as global suppliers look for new markets in light of the US restrictions.
A key trend highlighted during the conclave was the Group’s evolving revenue structure. In contrast to the Ratan Tata era, when international operations drove a larger share of profits, the focus has now pivoted towards India. Each CEO presented their respective company's past fiscal performance and laid out expectations for the year ahead, reflecting a broader shift in operational emphasis amid changing global dynamics.
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