Shares of Tata Motors Passenger Vehicles (TMPV) declined sharply on Wednesday, falling 8.30 per cent to close at ₹360.95 on the NSE, after Jaguar Land Rover (JLR), a key subsidiary, outlined its strategic priorities and growth roadmap for FY27.

The stock came under pressure after JLR announced plans aimed at delivering double-digit revenue growth through greater product and propulsion flexibility across its Range Rover and Defender brands, while also sharpening its focus on the North American market.

In an update to investors at its headquarters in Gaydon, UK, JLR said the next phase of its Reimagine strategy will focus on expanding customer choice and strengthening the company’s resilience and growth profile.

PB Balaji, JLR CEO, said: “As we enter a critical business delivery phase of our Reimagine strategy, launching five new products over the next two years across our incredible House of Brands, now is also the time to evolve our plan to offer global markets greater propulsion choice to unlock growth and build resilience.

“To truly manifest the power of our brands, we will increase our focus on North America, our biggest market. The rising demand for luxury products coupled with the strong preference we see for our brands signals significant growth potential. Apart from accelerating our existing offerings, we are also exploring new high potential segments for our Defender brand, which will allow us to offer tailored luxury products and experiences for even more of our US clients. Our aspiration, in the coming years, is to grow our US business to the size of the entire JLR business as it exists today,” he added.

Published on June 17, 2026