JLR cuts FY27 margin guidance, targets FY28 growth

Jaguar Land Rover (JLR), owned by Tata Motors Passenger Vehicles, has lowered its revenue and profitability outlook for FY27, citing geopolitical uncertainty, challenging market conditions and higher restructuring costs. The British luxury carmaker is now targeting an adjusted earnings before interest and tax (EBIT) margin of 2-3%, compared with its earlier projection of around 4%.