New Delhi, June 17 -- Shares of Tata Motors Passenger Vehicles Ltd fell more than 8% on Wednesday after its British subsidiary Jaguar Land Rover (JLR) guided for a profit margin well below its near-term target amid tariff-related uncertainties and weakness in China's premium vehicle market.

Jaguar Land Rover expects a 4% operating profit margin in the current fiscal year (FY27), well below its earlier stated target of reaching 10% in the near term, suggesting that recovery at the luxury carmaker could take longer than expected.

In its investor presentation on Wednesday, JLR projected revenue to rise 13% to £26 billion in FY27 and said it will prioritise growth in North America, including collaboration with Stellantis on Defender-re...