JLR Focuses U.S. Expansion on Defender, Hybrids as Stellantis Talks Continue
JLR is prioritizing the Defender in U.S. product talks with Stellantis, but no production details have been set. The company forecast a 4% EBIT margin for fiscal 2027, below investor expectations, sending shares of parent Tata Motors down as much as 10%. JLR’s adjusted operating margin fell to 0.7% for the year ended March 2026. The company plans more hybrid and electric options for Range Rover, Defender, and Discovery.