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TTM
25.14
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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 · 2d ago
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 · 4d ago
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
UPDATE 1-India approves new EV policy in boost to Tesla's market entry plans
India approves EV policy in boost to Tesla's market entry plans. Policy mandates companies to invest a minimum of $500 million in the country. Companies will be allowed to import 8,000 electric vehicles a year at a lower import duty of 15% on cars costing $35,000 and above.
Reuters · 03/15 08:34
India approves policy to boost e-vehicle manufacturing
India approves policy to boost e-vehicle manufacturing. Allows automakers to import some cars at a lower tax rate in exchange for setting up domestic production facilities. India has approved a policy to encourage manufacturing of electric vehicles in the country by allowing automakers to bring in some cars.
Reuters · 03/15 08:20
BRIEF-India Government Approves E- Vehicle Policy
India Government Approves E- Vehicle Policy. New E- vehicle policy mandates minimum investment of 41.5 billion rupees. India will be allowed to import a maximum of 40,000 e-vehicles in the first three years. The country will have a 15% duty on knock-down versions of the vehicles.
Reuters · 03/15 08:20
BREAKINGVIEWS-Cars are moving into the fast lane for Tata
Tata Motors is splitting up the company's commercial vehicles and its passenger vehicles into two listed entities. The rejig is underpinned by improvements at Jaguar Land Rover. The luxury car maker has generated positive free cash flow for five straight quarters. The company is betting that JLR's worst days are behind it, says Pranav Kiran.
Reuters · 03/15 03:01
BUZZ-SBI, Tata group stocks drag Indian blue-chips lower
India's blue-chip Nifty 50 and BSE Sensex drop 0.46% and 0.52%. SBI, Tata group stocks drag Indian blue-chips lower. India's markets regulator SEBI flagged froth in small and mid-cap stocks. SBI dropped 2% after Bernstein downgraded stock on limited upside.
Reuters · 03/11 07:12
Auto File: BYD beats up on Tesla and Apple
China's BYD is the world's top-selling electric car maker. Joe White: BYD has beaten Tesla and Apple in the EV wars. He says the company has scared off another potential rival, Apple. White: Hybrids are hot in the U.S. Market.
Reuters · 03/05 16:00
BUZZ-Metals, oil stocks drive Indian shares higher
India's Nifty 50 and Sensex hit fresh record highs on gains in metals, oil marketing firms. Blue-chips on track for third straight weekly gains. Tata Steel, Indian Oil among top gainers on Nifty; auto stocks to report monthly sales data today.
Reuters · 03/01 06:58
UPDATE 1-India's Tata Group mulls battery business spinoff - Bloomberg News
India's Tata Group is considering spinning off its battery business, Bloomberg News reports. Report says Tata is in early stage of discussions to carve out Agratas Energy Storage Solutions as an independent unit. The company may be valued at $5 billion-$10 billion, report says. Tata Motors is also exploring similar spinoff plans for its EV business.
Reuters · 02/15 13:37
BRIEF-Tata Group Considering Spinoff Of Battery Business Agratas - Bloomberg News
Reuters · 02/15 12:42
UPDATE 3-Tata Motors cuts EV prices by 1%-8%, first by an Indian carmaker
Tata Motors cuts EV prices by 1%-8%, first by an Indian electric carmaker. Electric variants currently form just 2% of car sales in India. The company dominates EV sales in the country. Tata says it has reduced prices of its cars by up to 120,000 rupees ($1,450)
Reuters · 02/13 06:03
FACTBOX-More automakers plug into Tesla's EV charging network
More automakers sign up to access Tesla's electric-vehicle charging infrastructure across the U.S. 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.
Reuters · 02/12 14:40
BREAKINGVIEWS-Hyundai's India IPO will crush Korean discount
Hyundai's India IPO will crush Korean discount, says Pranav Kiran. The company plans to invest close to $4 billion in the Indian market over the decade to launch electric vehicles. Hyundai is the third biggest carmaker in the world's fastest growing car market. An India listing would help Hyundai offset the "Korean discount"
Reuters · 02/09 04:23
BREAKINGVIEWS-India needs less Tesla, more Toyota
India is determined to lure Tesla to set up a local factory to make electric vehicles. But slower global demand for pure electric vehicles strengthens the case for hybrids. Only 2% of cars sold in the country were electric last year. India's trade department has backed calls from Japanese automakers to lower taxes on hybrids.
Reuters · 02/06 02:34
BUZZ-Tata Motors, oil companies lift Indian shares; financials weigh
India's benchmark Nifty 50 index rises 0.4% and BSE S&P Sensex up 0.3%. Tata Motors hits record high as Q3 profit grows more than two-fold on JLR sales boost. Oil & gas companies, Tata Motors and financials offset drop in financials. Eleven out of 13 major sub- indices trading in the green.
Reuters · 02/05 07:39
In EV catch-up race, legacy automakers hitch a lift with Formula E
In EV catch-up race, legacy automakers hitch a lift with Formula E electric racing teams. Legacy automakers are leaning on their Formula E teams for innovations to build better mass-production EVs. Jaguar Land Rover, Porsche and Nissan are using Formula E to develop more efficient cars. BMW and Mercedes have pulled out of the series to focus on F1.
Reuters · 01/23 06:00
India yet to decide on lower taxes for imported EVs as local firms resist Tesla -official
India yet to decide on lower taxes for imported EVs as local firms resist Tesla -official. India's domestic automakers are concerned about the possibility of Tesla entering the market. India has been working on a proposed policy to slash a 100% EV import tax to 15% for automakers that commit to local manufacturing.
Reuters · 01/18 07:08
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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.