TTM Stock Recent News

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.

Tata Motors Limited (NYSE:TTM ) Q2 2023 Earnings Conference Call November 9, 2022 8:00 AM ET Company Participants P.B. Balaji - Group CFO Adrian Mardell - CFO, Jaguar Land Rover Girish Wagh - Executive Director Shailesh Chandra - Tata Motors' MD, Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility Limited Thierry Bollore - CEO, Jaguar Land Rover Conference Call Participants Operator Welcome to the Tata Motors Q2 FY ‘23 Earnings Conference Call.

Tata Motors recently launched an electrified variant of its popular hatchback model, Tiago. The product is priced competitively and could accelerate share gains at the expense of market leader Maruti.

Tata Motors' new electric vehicle or EV hatchback referred to as the Tata Tiago EV had a successful launch. TTM has a 90% share of the Indian EV market now, and it expects EVs to account for 20% of its vehicle sales in India in a few years' time.

Shares of India's Tata Motors Ltd fell as much as 4.6% on Monday after the automaker reported lower-than-expected wholesale volumes for its Jaguar Land Rover business, prompting brokerage J.P. Morgan to downgrade the stock over the weekend.

Congress's passage of the $369 billion climate and tax package enacts a new round of $7,500 tax credits for EV buyers. But a tangle of requirements will reward some automakers while penalizing others.