Let everything be over $\mathbb{C}$. Consider two varieties $X,$ $Y,$ where $X$ is normal and $Y$ is affine, having regular $\mathbb{C}^*$-actions and a $\mathbb{C}^*$-equivariant projective morphism $\pi: X \rightarrow Y.$ The "projective" means that it factors trough an closed immersion and projection, $$\pi=\pi_Y \circ \iota : X \hookrightarrow \mathbb{P}^n \times Y \rightarrow Y$$ for some $n.$
Now, the question: Can this immersion be made $\mathbb{C}^*$-equivariant? That is, having a linear $\mathbb{C}^*$-action on $\mathbb{P} ^ M$ for some $M$ such that $\iota$ is $\mathbb{C}^*$-equivariant, where on $\mathbb{P} ^M \times Y$ we consider the diagonal action.