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 […]
Dow Jones posts two days of losses as Trump auto tariffs weigh on stocks – CNBC TV18
Benchmark indices on Wall Street fell again on Thursday as investors weighed the latest tariff salvo from President Donald Trump on automakers. The Dow Jones shed 150 points, while the S&P 500 declined by 0.3%. The tech-heavy Nasdaq also ended 0.5% lower. Car giants from Toyota Motor Corp. to Mercedes-Benz Group AG and General Motors […]
Trump tariff threat wipes out $12 billion from Asian automakers’ market capitalisation – CNBC TV18
From Toyota Motor Corp. to Tata Motors Ltd., Asian car manufacturers lost over $12 billion in market capitalisation on Thursday, March 27, after U.S. President Donald Trump signed an order imposing a 25% tariff on auto imports, set to take effect from April 2. With a market cap erosion of $6.8 billion, Toyota Motor Corp., […]
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 […]
S&P 500, Nasdaq tank led by sell-off in tech shares, Trump auto tariffs – CNBC TV18
US markets on Wall Street tanked on Wednesday as tariff uncertainties loomed large with President Donald Trump announcing a 25% tariff on all auto imports starting April 2, along with a sell-off in shares of big tech companies. The Dow Jones ended 130 points lower but fell 400 points from the highs of the day. […]
Donald Trump announces 25% tariff on auto imports as trade fight resumes – CNBC TV18
President Donald Trump signed an order to implement a 25% tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an even broader push on levies next week. “What we’re going to be doing is a 25% tariff on all cars that are […]
Donald Trump says Auto tariffs are coming, teases reciprocal duty breaks – CNBC TV18
President Donald Trump said he will announce tariffs on automobile imports in the coming days — and indicated nations will receive breaks from next week’s “reciprocal” tariffs. Trump’s comments at the White House Monday sowed further confusion about his plans for a sweeping tariff announcement scheduled for April 2. The president told reporters he planned […]