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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 · 2d ago
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 · 2d ago
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
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
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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.