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RPT-FACTBOX-More automakers plug into Tesla's EV charging network
More automakers sign up to access Tesla's electric-vehicle charging infrastructure. Tesla's North American Charging Standard is more widely available and reliable than rival charging CCS. Texas has approved a plan to require EV charging companies to include Tesla's plug in stations. The company's superchargers are closer to becoming the industry standard.
Reuters · 1d ago
UPDATE 5-Hyundai Motor Group plans hybrid cars for India in strategy shift, sources say
Hyundai Motor Group plans hybrid cars for India in strategy shift, sources say Auto group to launch first hybrid cars in India as early as 2026 Shifts strategy amid slow EV sales ramp-up in India Hyundai, Kia to compete in hybrid segment in India - sources. The South Korean auto group is evaluating a hybrid sport-utility vehicle in India. Hyundai and Kia are targeting the launch of hybrid SUVs in 2026 or 2027.
Reuters · 1d ago
UPDATE 4-Hyundai Motor Q1 hurt by weak home sales, doubles down on hybrids, India
Hyundai Motor posts 2.4% drop in quarterly profit, hit by weak home sales in South Korea. South Korean automaker doubles down on hybrids, sees signs of 'UAW formation' at its U.S. Production sites. Sales of hybrid vehicles jumped 17% globally in the first quarter. The world's No.3 automaker beats analyst forecasts for India Q1 profit.
Reuters · 6d ago
UK car output falls in March as EV-transition gears up, says industry body
UK car output falls in March as EV-transition gears up, says industry body. Britain's car production fell 27.1% year-on-year in March. First time car output has dropped in six months. Electric vehicle production has grown as manufacturers ramp up plans for zero-emission vehicles.
Reuters · 04/24 23:01
JAGUAR LAND ROVER RECALLING 2,409 U.S. VEHICLES AS PASSENGER AIR BAG MAY TEAR - NHTSA
Reuters · 04/23 09:23
Macquarie's $1.5 bln India EV platform to focus on fleet electrification
Australia's Macquarie's $1.5 bln India EV platform to focus on fleet electrification. 95% of investment will focus on electrifying fleets of commercial vehicles. The platform, called Vertelo, will offer financing, fleet management and charging infrastructure solutions.
Reuters · 04/22 11:54
Tesla's Musk likely to unveil $2-$3 bln India investment during visit, sources say
Tesla's Musk likely to unveil $2-$3 bln India investment during visit, sources say. The billionaire is expected to enter the world's third-largest auto market where electric car adoption is still in its infancy. Musk will meet Prime Minister Narendra Modi on Monday in New Delhi.
Reuters · 04/17 11:01
China's BYD unveils three new models for its off-road Fangchengbao lineup
China's BYD unveils three models, including two concept cars, under its premium brand Fangchengbao. The Bao 8 SUV, Super 3 concept crossover and Super 9 concept sports car made their debut. Most of the models feature a plug-in hybrid system for off-road driving. BYD is trying to sell into higher-priced segments.
Reuters · 04/17 03:25
UPDATE 2-Tesla's Musk to meet Modi in India, announce investment plans, sources say
Tesla's Musk to meet Modi in India, announce investment plans, sources say. Billionaire to meet prime minister on April 22 in New Delhi. Musk is expected to make announcement on plans to invest and open a factory in the country. Musk's visit comes as India heads into a two-month election.
Reuters · 04/10 12:05
UPDATE 3-Musk to meet Modi in India; sources say announcement on investment likely
Tesla chief Elon Musk says he will visit India to meet Prime Minister Narendra Modi. Sources say Musk is expected to make an announcement on investment and a factory in the country. The billionaire will meet Modi in the week of April 22 in New Delhi, sources say. Musk and Modi last met in New York in June.
Reuters · 04/10 12:05
Tesla's Musk to meet Modi, visit India to disclose investment plans, sources say
Tesla's Musk to meet Modi, visit India to disclose investment plans, sources say. The billionaire executive will meet Modi in the week of April 22 in New Delhi. Musk is expected to make an announcement related to his plans to invest and open a factory in the country.
Reuters · 04/10 11:42
RPT-BREAKINGVIEWS-India’s tech engine is primed for an AI boost
India’s technology sector is primed for an artificial intelligence boost, says Pranav Kiran. Global firms are shifting focus to develop artificial intelligence capabilities in India. India-based roles formed a larger share of total hiring at tech titans, he says. It will help India take a bigger share of the global $4 trillion digital services trade.
Reuters · 04/09 11:00
UPDATE 1-India EV sales to rise 66% this year after nearly doubling in 2023, report says
Electric-vehicle sales in India expected to rise 66% this year after doubling in 2023, report says. By 2030, EVs are expected to represent a third of India's personal vehicle market. India's EV market is dominated by domestic carmaker Tata Motors. Electric models made up 2% of the total car sales in 20 23.
Reuters · 04/05 14:09
Tesla begins making cars in Germany for export to India this year -sources
Tesla begins production of right-hand drive cars in Germany for export to India this year -sources. Tesla is expected to visit India later this month to look at sites for a local car manufacturing plant. India last month slashed the import tax rate on certain electric vehicles. The carmaker has eyed the world's third-largest car market.
Reuters · 04/04 12:54
UK NEW CAR REGISTRATIONS UP 10.4% YEAR-ON-YEAR IN MARCH TO 317,786 UNITS - SMMT
Reuters · 04/04 08:02
UPDATE 3-Tesla to scout sites in India for $2 bln-$3 bln EV factory, FT reports
Tesla to scout sites in India for $2 bln-$3 bln EV factory, FT reports. Company to send a team to India by late-April to study sites for a proposed $2 billion to $3 billion electric car plant. Tesla's push into India comes at a time when EV demand is slowing in U.S. And China. The company has been trying to enter India for years.
Reuters · 04/03 12:14
FACTBOX-Baltimore port: What impact will bridge collapse have on shipping?
Baltimore port is the busiest U.S. Port for car shipments. It is the deepest harbor in Maryland's Chesapeake Bay, closer to the Midwest than other East Coast ports. The port is one of the smallest container ports on the Northeastern seaboard. Traffic is suspended at the port after a bridge collapsed in the port of Baltimore.
Reuters · 03/26 17:11
FACTBOX-Companies invest in EV battery factories in Europe
Companies invest in EV battery factories in Europe. Europe is seeking to attract electric vehicle (EV) battery makers to build factories in the region. The region is home to carmakers such as Volkswagen and Stellantis. Britain, Czechia, Finland, France, Germany, Hungary, Norway and Serbia are among countries with planned factories.
Reuters · 03/25 12:17
BUZZ-Street View: India's EV policy unlikely to impact domestic players
India to lower import taxes on certain electric vehicles produced by carmakers in exchange for commitment to invest $500 mln and begin domestic manufacturing within three years. Emkay says India's EV policy unlikely to impact domestic players. There could be potential impact on luxury vehicle sales with increased entry of high-end vehicles.
Reuters · 03/18 07:33
FACTBOX-Electric vehicle plans of Indian automakers
Electric models made up about 2% of total car sales in India last year. The government wants to increase that to 30% by 2030. Tata Motors commands more than 80% of India's electric car market. The policy will lead to competition for domestic automakers from companies like Tesla and VinFast.
Reuters · 03/15 16:00
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About TTM
Tata Motors Limited is a global automobile manufacturing company. The Company’s diverse portfolio includes a range of cars, sports utility vehicles, trucks, buses and defense vehicles. Its segments include automotive operations and other operations. Its automotive segment consists of four reportable sub-segments: Tata Commercial Vehicles, which include small commercial vehicles (SCV) and pickup trucks, medium and heavy commercial vehicles and intermediate light commercial vehicle and CV passenger vehicles manufactured under the Tata and Daewoo brands; Tata Passenger Vehicles, which include passenger vehicles and utility vehicles manufactured under the Tata and Fiat brands; Jaguar Land Rover, which include vehicles manufactured under the Jaguar Land Rover brand; and Vehicle Financing, which include financing of new vehicles and pre-owned vehicles. Its other operations consist of information technology (IT) services, machine tools, and factory automation solutions.