Jaguar Land Rover Automotive (JLR)—controlled by Tata Group, one of India’s largest conglomerates—announced that it will cut 4,000 jobs or almost 10% of its employees to save £1.7 billion ($2.3 billion) over the next two years as the company faces geopolitical headwinds and fierce competition.

The move aims to streamline the organization, improve efficiency and support long-term growth by lowering its break-even point to about 300,000 cars a year, JLR parent Tata Motors Passenger Vehicles said in a Monday filing to the........

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