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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.

Indian carmaker, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.

Tata Motors Limited (NYSE:TTM ) Q3 2023 Earnings Conference Call January 25, 2023 8:00 AM ET Company Participants P.B. Balaji - Group CFO Girish Wagh - Executive Director Shailesh Chandra - Tata Motors MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Limited Adrian Mardell - Interim CEO, Jaguar Land Rover Richard Molyneux - Acting CFO, Jaguar Land Rover Bennett Birgbauer - Treasurer, Jaguar Land Rover Conference Call Participants Operator Good day and welcome to Tata Motors Q3 FY '23 Earnings Conference Call.

Jaguar Land Rover has suggested it might scale back production due to government plans to fine vehicle manufacturers for not meeting electric vehicle (EV) targets. Car makers face fines for not selling a certain number of EVs as an increasing percentage of total sales over time under the government's proposed Zero Emission Vehicle Mandate, which comes into effect in 2024.

A key tenet of many great investment strategies is diversification, both across asset classes and internationally. Many investors are subject to a “home bias” in which they invest almost their entire portfolio in their home country's stocks.

Shares of Tata Motors fell nearly 5% on Thursday, a day after the automaker reported second-quarter core earnings that at least two analysts said missed estimates due to higher expenses.