JLR, a key profit driver for Tata Motors, sold 430,000 vehicles worldwide in the 12 months ending March 2024, with nearly a quarter of that volume—approximately 107,500 units—destined for North America, according to its latest annual report. The US market suspension, first reported by The Times, comes as the company grapples with a 17% decline […]
Tata Motors shares fall 5% after CLSA downgrade, removal from high-conviction list – CNBC TV18
Passenger and commercial vehicle manufacture Tata Motors Ltd. has been removed from brokerage firm CLSA’s high conviction outperform list. Tata Motors was downgraded back to its “outperform” rating and its price target was cut by 18% to ₹765 from ₹930 earlier. The revised price target implies a potential upside of 17% from Thursday’s closing. The […]
Tata Motors shares in focus after Trump imposes 25% tariff on auto imports into the US – CNBC TV18
Shares of Tata Motors Ltd., the passenger and commercial vehicle manufacturer and parent company of Jaguar Land Rover (JLR), will be in focus on Thursday, March 27, after US President Donald Trump announced that he will be imposing 25% tariffs on cars that are not manufactured in the US. These tariffs will take effect on […]
Tata Motors shares get an upgrade from HSBC who cites a key re-rating trigger – CNBC TV18
Brokerage firm HSBC has upgraded passenger and commercial vehicle manufacturer Tata Motors Ltd. to “buy” from its earlier rating of “hold” on Monday, March 17. However, the brokerage has cut its price target on the stock to ₹840 from its earlier projection of ₹930. The revised price target implies a potential upside of 29% from […]
Tata Motors shares may rise 38%, Morgan Stanley says; highlights key triggers – CNBC TV18
Tata Motors Ltd. may see its shares rise 38% from its current 52-week low, brokerage firm Morgan Stanley implied in its note on Wednesday, March 5. The brokerage though has an “equalweight” rating on the stock, which is equivalent to a “neutral” stance, with a price target of ₹853, which implies the current upside potential. […]
Titan Company names PB Balaji as new nominee director from Tata Sons – CNBC TV18
Titan Company Limited has announced the appointment of P.B. Balaji as a nominee director representing Tata Sons Private Limited, co-promoter of the company. This decision was finalised through a circular resolution approved by the board on October 23. Balaji will serve as an additional director with effect from October 28, in a non-executive, non-independent role. […]
Ratan Tata Dies: Remembering the man who put Tata Motors into top gear – CNBC TV18
A global car company intends to buy out an Indian automaker’s struggling passenger car division. The humiliation does not go down well with the Chairman of the Indian conglomerate. A decade later, the Indian conglomerate buys out the global company’s unit, having the last laugh and establishing India’s presence in the global automotive landscape. The […]
Ratan Tata’s legacy: A look at the Tata Group’s impact and reach – CNBC TV18
Ratan Tata, a key figure in Indian industry, oversaw the expansion and modernization of Tata Group, a major global enterprise based in Mumbai. Founded by Jamsetji Tata in 1868, the group now comprises over 30 companies across ten sectors, operating in more than 100 countries. Tata Sons serves as the primary investment arm, with 66% […]
Tata Motors unit JLR plans to spend £500 million to retool UK plant for Electric SUVs – CNBC TV18
Jaguar Land Rover plans to spend £500 million ($669 million) retooling one of its factories in England that’s poised to start manufacturing electric SUVs. The maker of Range Rover and Land Rover vehicles already has invested £250 million in its Halewood plant, near Liverpool, over the last 12 months. The company said in a statement […]