TTM Stock Recent News

Tata Steel has confirmed plans to close the two blast furnaces at the country's biggest steel works at Port Talbot in Wales. Both blast furnaces at the site will be closed with these being replaced by electric arc furnaces to cut costs and carbon emissions.

Jaguar Land Rover will supply cars for tests on the viability of using electric vehicles to charge each other or even send power back to the grid. Unveiling over £5 million of public funding on Wednesday, the government backed four schemes looking at how electric vehicles could be used as sources of power.

Tata Motors is pressing Indian officials not to lower import taxes of 100% on electric vehicles and to protect domestic industry and its investors, as the government reviews Tesla's plans to enter the market, people with direct knowledge said.

Tata Motors Limited (NYSE:TTM ) Q2 2024 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants P.B. Balaji - Group Chief Financial Officer Richard Molyneux - Chief Financial Officer, Jaguar Land Rover Girish Wagh - Executive Director Shailesh Chandra - Managing Director, Tata Motors Passenger Vehicles Ltd.

Jaguar Land Rover has opted to manufacture the electric version of its Defender off-road vehicle in Slovakia over the quintessentially British car's home turf. The news comes just days after Tata Motors Limited (NYSE:TTM)-owned Jaguar unveiled a new £250 million test facility in Coventry, England as it braces to push ahead into the electric vehicle (EV) sphere.

Jaguar Land Rover has unveiled a new £250 million test facility in Coventry, England as it braces to push ahead into the electric vehicle (EV) sphere. Tata Motors Limited (NYSE:TTM)-owned Jaguar unveiled the lab at its Whitley site on Monday, which will support the rollout of its EV fleet, much of which is set to be powered by batteries built at a new factory in the UK.

New tariffs on shipments of electric vehicles between the UK and Europe will see average prices of cars made in the latter rise by £3,400 from January, the industry has warned.  Tougher rules of origin set in the Brexit agreement will mean manufacturers face extra taxes on exports from January if a proportion of their parts are not sourced from within Europe.

Ovo Energy has begun offering customers credit for 6,000 miles worth of charge for their electric vehicles in a partnership with Select Car Leasing. According to Ovo, over 90% of petrol and diesel car owners say they would be more likely to purchase an electric vehicle if charging costs were lower.

Advanced talks are being held between Coventry City Council and Asian battery manufacturers over the possibility of investing in a proposed gigafactory in the area. Confirmed by the council on Tuesday, talks are taking place with several “leading Asian” developers over the site, which would become one of just a handful of electric vehicle battery factories planned in the UK.

Some 80% of vehicles sold in the UK by 2030 cannot produce any emissions, the government has confirmed, despite the ban on petrol and diesel cars being delayed. Under the government's Zero Emissions Vehicle (ZEV) mandate, carmakers will be required to make up a certain proportion of their sales each year with electric and other such vehicles.