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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.
TTM's domestic market share gain has constantly been on an uptick since the last two years. New product launches, advanced integration of technology and favorable industry trends to act as tailwinds to the TTM's product demand.
Tata Motors Limited (NYSE:TTM) is to buy Ford Motor Company (NYSE:F) (Ford Motor Company (NYSE:F))'s manufacturing plant in Gujarat, India for £75.34mln, in a bid to ramp up production. The deal gives the Indian headquartered global automobile manufacturer an additional 300,000 units of production capacity, expandable to 420,000 units per year.
Tata Motors Ltd signed an agreement on Sunday to buy Ford Motor's manufacturing plant in the western state of Gujarat for 7.26 billion rupees ($91.5 million).
Tata Motors Limited (NYSE:TTM ) Q1 2023 Earnings Conference Call July 27, 2022 9:00 AM ET Company Participants Sneha Gavankar - General Manager, Mergers and Acquisitions Thierry Bollore - CEO, Jaguar Land Rover PB Balaji - Group CFO Girish Wagh - Executive Director, Tata Motors Shailesh Chandra - MD, Tata Motors Passenger Vehicle Limited and Tata Passenger Electric Mobility Limited Adrian Mardell - CFO, Jaguar Land Rover Conference Call Participants Sneha Gavankar Okay. Apologies for the delay.
Mumbai-based automaker Tata Motors wants to sell 50,000 electric vehicles by the end of the fiscal year ending March 31, the company's chairperson Natarajan Chandrasekaran said during a shareholders' meeting on Monday. In the 2023/24 period, Tata — which produces passenger cars, trucks, vans, coaches, buses, luxury cars, and construction equipment — aims to hit […]
Japanese chipmaker Renesas Electronics Corp and India's Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets, the companies said on Wednesday.
Tata Motors (TTM) is set to take over Ford's (F) manufacturing unit in Gujarat. The deal would provide a boost to Tata Motors' passenger and EV production capacity.
BENGALURU (Reuters) -Indian automaker Tata Motors Ltd has signed an agreement to potentially buy a Ford Motor manufacturing facility in the western state of Gujarat as it looks to ramp up its production of electric vehicles.