TTM Stock Recent News

A gap has appeared between Britain and Europe's electric vehicle sales over the past year, according to Cornwall Insight analysts. Between July 2022 and 2023, the number of battery-electric vehicles sold in European Union nations grew by 60.6%, compared to a more moderate 31% in the UK.

Some 80% of vehicles sold in the UK by 2030 will still need to be electric despite the ban on petrol and diesel cars being delayed until 2035. 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 vehicles.

Tata Steel has confirmed it will receive £500 million from the UK government to upgrade its Port Talbot steelworks but warned as many as 3,000 jobs might be lost. In total, the investment in the plant will be £1.25 billion with the Indian group putting in £750m but it added consultations will start soon over a “deep potential restructuring”.

A £500 million funding package for the Tata-owned Port Talbot steelworks might involve 3,000 job cuts, according to reports this morning. Reports yesterday suggested that a funding deal for the decarbonisation of Tata Steel UK's operations was imminent and likely to be confirmed today.

Jaguar Land Rover has delved into how parent firm Tata Motors Limited (NYSE:TTM)'s new UK battery factory will fit with its electrification plans in the midst of strong first-quarter results. Aiming to release a fully electric-powered car by next year, JLR explained that Tata's new Somerset-based gigafactory would be key in supplying a new British-made range.

Jaguar Land Rover, a unit of Indian automaker Tata Motors , said on Thursday that it has appointed Adrian Mardell as its chief executive officer for a three-year term.

Tata Motors Limited (NYSE:TTM)'s new Somerset-based electric vehicle will be among the largest in Europe, marking a huge confidence boost for the UK according to Rishi Sunak. As plans for the £4bn site were unveiled on Wednesday, the prime minister hailed the boost they would provide for the UK's electric vehicle sector.

Jaguar Land Rover's owner has announced a new flagship electric vehicle battery factory in the UK, after securing hundreds of millions in government funding. Some £4bn will be invested into the new 40GWh Somerset site, which is expected to create around 9,000 jobs and begin supplying power units from 2026.

Jaguar Land Rover's Indian owner Tata Group is reportedly set to build a 'gigafactory' in Somerset to manufacture batteries for its electric vehicles. Tata chair Natarajan Chandrasekaran is scheduled to meet prime minister Rishi Sunak next week, with the final decision expected to be based on the size of the state support package, the Financial Times reported.

Tata Technologies, a unit of Indian carmaker Tata Motors , filed for an initial public offering (IPO) on Thursday, according to draft papers submitted to the market regulator.