TTM - Tata Motors Limited

NYSE - NYSE Delayed Price. Currency in USD
7.35
+0.12 (+1.66%)
At close: 4:00PM EDT
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Previous close7.23
Open7.21
Bid7.31 x 4000
Ask7.44 x 900
Day's range7.16 - 7.43
52-week range3.92 - 14.03
Volume2,378,535
Avg. volume2,928,282
Market cap4.774B
Beta (5Y monthly)2.00
PE ratio (TTM)3.80
EPS (TTM)1.93
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date14 Jul 2016
1y target est5.50
  • DHL to cut 2,200 UK workers at Jaguar Land Rover factories, union says
    Reuters

    DHL to cut 2,200 UK workers at Jaguar Land Rover factories, union says

    The job cuts comprise just under 40% of the entire DHL workforce on the contract, the union said. DHL indicated that the half of the job cuts are due to a decline in car production and half are the result of anticipated "efficeincy savings", the union added. "DHL must not attempt to make permanent full-time staff redundant while continuing to outsource work to sub-contractors," Matt Draper, Unite national officer for logistics, said.

  • Financial Times

    Tata Motors closes in on successor to Jaguar boss Ralf Speth

    Tata Motors is close to naming the next chief executive of Britain’s biggest carmaker Jaguar Land Rover. A decision on a replacement for the group’s decade-long leader Ralf Speth is expected before the end of this month, and could come as soon as next week. Nick Rogers, JLR’s engineering director, is the only internal candidate, while recently shortlisted candidates include former BMW executive Klaus Fröhlich; former Audi chief Bram Schot; and Fred Schulze, head of Audi’s sport-utility vehicle production at Ingolstadt, Bavaria, according to multiple people briefed on the process.

  • Tata Motors Group (TTM) Q4 2020 Earnings Call Transcript
    Motley Fool

    Tata Motors Group (TTM) Q4 2020 Earnings Call Transcript

    TTM earnings call for the period ending March 31, 2020.

  • India's Tata Motors reports $1.3 bn loss as coronavirus bites
    AFP News

    India's Tata Motors reports $1.3 bn loss as coronavirus bites

    India's Tata Motors Monday reported a loss of $1.3 billion for the first three months of this year as sales in its key markets of China and Europe were hit by the coronavirus pandemic. The Mumbai-headquartered firm had just returned to the black in the previous quarter amid Chinese demand for its British luxury brands Jaguar and Land Rover. "The auto industry faced strong headwinds in FY20 amidst a slowing economy due to multiple factors... all leading to weak consumer sentiments and subdued demand across segments," Tata Motors chief executive Guenter Butschek said in a statement.

  • Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings
    Reuters

    Tata Motors to shed 1,100 JLR jobs after pandemic hits earnings

    India's Tata Motors Ltd expects to shed about 1,100 temporary jobs at Jaguar Land Rover after it raised the cost-cutting target at its luxury unit by 1 billion pounds ($1.26 billion) to ride out the disruptions caused by the coronavirus outbreak. Tata Motors expects to save 5 billion pounds in costs by March 2021 at its Jaguar Land Rover (JLR) unit, the Indian automaker's Chief Financial Officer PB Balaji said on Monday, adding 3.5 billion pounds of the savings had already been achieved. It will also reduce capital expenditure at JLR to 2.5 billion pounds for the current fiscal year, from the more than 3 billion pounds it has spent annually in previous years.

  • JLR raises $705 million loan from Chinese banks
    Reuters

    JLR raises $705 million loan from Chinese banks

    Jaguar Land Rover (JLR), owned by India's Tata Motors <TAMO.NS>, has entered into agreements with lenders in China for an unsecured 3-year term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said. Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the three-year revolving loan include Bank of China <601988.SS>, ICBC <601398.SS>, China Construction Bank <601939.SS>, Bank of Communications <601328.SS> and Shanghai Pudong Development Bank <600000.SS>.

  • Jaguar Land Rover raises $705 million loan from Chinese banks
    Reuters

    Jaguar Land Rover raises $705 million loan from Chinese banks

    Jaguar Land Rover (JLR), owned by India's Tata Motors <TAMO.NS>, has entered into agreements with lenders in China for an unsecured 3-year term loan facility of 5 billion yuan (556.58 million pounds), marking its first debt financing in China, it said. Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the three-year revolving loan include Bank of China <601988.SS>, ICBC <601398.SS>, China Construction Bank <601939.SS>, Bank of Communications <601328.SS> and Shanghai Pudong Development Bank <600000.SS>.

  • Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News
    Reuters

    Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News

    The loan request had been lodged with the Department for Business, Energy and Industrial Strategy, the Sky News report said, citing a source close to Jaguar Land Rover, whose parent company is Tata Motors. "The claim is inaccurate and speculative," Jaguar Land Rover said in an emailed statement to Reuters. Sky News, citing a spokesman, said about 20,000 of its employees had been furloughed under the government's emergency wage subsidy program.

  • Why Tata Motors Stock Was Down on Wednesday
    Motley Fool

    Why Tata Motors Stock Was Down on Wednesday

    Shares of Indian automaker Tata Motors (NYSE: TTM) closed lower for a second day on Wednesday, as auto investors continued to react to an influential analyst's view that the company is essentially worthless without its Jaguar Land Rover (JLR) subsidiary. In a note on Monday, CLSA analyst Amyn Pirani downgraded Tata's stock to underperform, from buy, and cut his price target for the company's BSE-traded shares to 85 rupees ($1.13) from 190 rupees ($2.52). Jaguar Land Rover's British factories have been closed since March 20, exacerbating parent Tata Motors' financial struggles.

  • Jaguar Land Rover to restart some European output from mid-May
    Reuters

    Jaguar Land Rover to restart some European output from mid-May

    Jaguar Land Rover (JLR) will restart some production in Europe from May 18, including at one of its three British car plants and its factory in Slovakia, where the new Defender vehicle is being made. Output will also resume at JLR's central English engine factory in Wolverhampton and at a plant in Austria where the electric I-Pace is built but no date has been set for the reopening of its British Halewood or Castle Bromwich locations.

  • Jaguar Land Rover expands electric line-up with new plug-in hybrid system
    Reuters

    Jaguar Land Rover expands electric line-up with new plug-in hybrid system

    The company said its latest plug-in hybrid system can switch to an electric-only mode for shorter rides, petrol-and-electric driving for longer distances and a sole petrol engine. "While being driven, energy generated by the engine during acceleration, or by braking in electric or hybrid mode, is harvested and used to charge the battery," the Tata Motors Ltd-owned <TAMO.NS> company said, adding that its hybrid system emits lower emissions. BMW, which already has 500,000 electric and hybrid cars on the road, also said it plans to double that number by the end of next year.

  • Tata Motors to spin off car division as separate unit
    Reuters

    Tata Motors to spin off car division as separate unit

    Tata Motors Ltd said on Friday it would spin off its passenger vehicles arm as a separate unit within the company, at a time when the coronavirus has disrupted auto production. Tata Motors, India's No. 2 automaker by revenue, said the spinoff will help it secure strategic alliances, which will provide the company access to new products, car parts, technologies and capital. Car sales in India have dropped for 16 straight months up to February amid slowing economic growth, while the pandemic has halted auto production as the government imposed a 21-day nationwide lockdown this week.

  • India's Tata Motors ready to halt one plant if virus concerns deepen
    Reuters

    India's Tata Motors ready to halt one plant if virus concerns deepen

    India's Tata Motors <TAMO.NS> is rapidly scaling down activity at its car factory in the western state of Maharashtra and is preparing to close it if concerns about coronavirus deepen, the company said on Friday. The move by Tata Motors, which owns the British luxury car brands Jaguar and Land Rover, comes as the state recorded the highest number of confirmed cases of coronavirus in India. On Friday, Maharashtra ordered all shops and offices to close except those providing essential services in three major cities, including the financial capital Mumbai and Pune, where the Tata Motors plant and engineering centre is located.

  • JLR to suspend production at UK manufacturing facilities from next week
    Reuters

    JLR to suspend production at UK manufacturing facilities from next week

    The carmaker said it intends to resume production at the facilities in the week of April 20. Jaguar Land Rover's manufacturing plants in Brazil and India are continuing their operations, the company said in an emailed statement.

  • India's Tata Motors warns of JLR profit hit due to coronavirus
    Reuters

    India's Tata Motors warns of JLR profit hit due to coronavirus

    Indian automaker Tata Motors <TAMO.NS> warned on Friday of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as the coronavirus outbreak has hit sales in China. The outbreak, which started in China and is spreading globally, has hurt sales in the world's biggest auto market. The spread of the virus to South Korea, Japan, and Northern Italy is creating similar issues, Tata said in a statement.

  • Tata Motors warns of JLR profit hit due to coronavirus
    Reuters

    Tata Motors warns of JLR profit hit due to coronavirus

    Indian automaker Tata Motors <TAMO.NS> warned on Friday of lower profit at its British luxury car brand Jaguar Land Rover (JLR) for the fiscal year as the coronavirus outbreak has hit sales in China. The outbreak, which started in China and is spreading globally, has hurt sales in the world's biggest auto market. The spread of the virus to South Korea, Japan, and Northern Italy is creating similar issues, Tata said in a statement.

  • Indian automakers say China coronavirus outbreak hitting parts supply
    Reuters

    Indian automakers say China coronavirus outbreak hitting parts supply

    Indian automakers Mahindra and Mahindra Ltd (M&M) and Tata Motors said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts. "Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy," Veejay Ram Nakra, Chief of Sales and Marketing at M&M's automotive division said in a press release. Tata Motors said in a press release that it, too, had been hit by supply disruptions due to the coronavirus outbreak in China, and was working to mitigate the situation.

  • Tata Motors, two group finance firms accused of antitrust violations in India - sources
    Reuters

    Tata Motors, two group finance firms accused of antitrust violations in India - sources

    India's competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles, according to three sources and legal documents seen by Reuters. The Competition Commission of India (CCI) is reviewing a complaint which alleges the country's biggest seller of trucks dictated terms around the quantity and type of vehicles its former dealer in northern India - Varanasi Auto Sales - should stock. The Tata Group has faced antitrust reviews in the past.

  • Reuters

    India's TVS sees 10% drop in February production as coronavirus hits parts supply

    Companies globally, including Apple Inc, have warned that the spread of the epidemic in China, the world's second-largest economy and a big manufacturing hub, is disrupting global supply chains and hurting profits as factories and shops shut operations. "The outbreak of pandemic coronavirus (COVID-19) has led to impact on supply of certain components for production of BS-VI vehicles," the company said https://reut.rs/2HMwKJw in a statement, referring to cleaner emission standards enforced by India's government. "While TVS Motor's direct dependency on China is limited for components, some Tier II suppliers have been impacted adversely," TVS said.

  • Jaguar Land Rover debuts electric urban mobility concept vehicle with plans for 2021 pilot
    TechCrunch

    Jaguar Land Rover debuts electric urban mobility concept vehicle with plans for 2021 pilot

    Jaguar Land Rover has introduced a new concept vehicle that cuts a very different figure relative to its usual fare: It's a four-wheeled electric urban mobility concept called "Project Vector" that looks more like a low-floored airport shuttle train car than a traditional car. Externally, JLR's Vector concept looks very similar, with a front and back end that could easily pass for one another, as well as sliding doors that open from the middle to allow the maximum amount of space for entry and exit. Unlike Cruise's strictly driverless design, however, the Jaguar vehicle features front-facing seats and a steering wheel for human control, though the interior is also "configurable" to eventually allow autonomous use, and to also offer flexibility for accommodating goods delivery as well as passenger transportation.

  • Jaguar Land Rover's UK output at risk from coronavirus-hit supplies
    Reuters

    Jaguar Land Rover's UK output at risk from coronavirus-hit supplies

    Jaguar Land Rover (JLR) has flown Chinese parts in suitcases to Britain to maintain production and could run out after two weeks as the impact of the coronavirus outbreak hits firms across countries and industries. Britain's biggest carmaker, which operates three car factories in its home market making nearly 400,000 vehicles a year, joined major global companies such as Apple in warning of the impact of the virus on supply chains. Components made in China are used in millions of vehicles assembled around the world and Hubei province - the centre of the virus outbreak - is a major hub for vehicle parts production and shipments.

  • Jaguar Land Rover to cut output at two UK factories
    Reuters

    Jaguar Land Rover to cut output at two UK factories

    Jaguar Land Rover will reduce or stop production on certain days at two of its British factories over the next few weeks as Britain's biggest carmaker pursues cost-cutting measures in response to falling demand. JLR posted a 2.3% drop in retail sales in the three months to the end of December and has targeted billions of pounds worth of savings to tackle falling diesel demand in Europe and a tough sales environment in China. The firm will halt production on selected days over a four-week period from late February at its Castle Bromwich factory in central England and stop production on some half or full days at its nearby Solihull facility until the end of March.

  • Reuters

    SE Asia Stocks-Philippines, Singapore gain on rate cut hopes

    * MAS says policy stance unchanged, but signals room for easing * Thai c.bank decision due later in the day * Philippine Jan inflation rises, but rate cut still likely * Indonesia Q4 GDP growth rate slower-than-expected By Shruti Sonal Feb 5 (Reuters) - Philippine stocks rose on Wednesday, boosted by expectations of an interest rate cut despite a surprise jump in January inflation, while Singapore shares gained after its central bank said it had room to ease policy if required. The Philippine index gained more than 1.3%, with index heavyweights San Miguel Corp and GT Capital Holdings Inc jumping about 5% and 3%, respectively. Data showed January inflation was at its highest in eight months, but the outcome was still within the Philippine central bank's comfort range and supported views that it will likely cut rates at its meeting on Thursday.

  • Why Tesla has a huge productivity advantage over Detroit's big three
    Yahoo Finance

    Why Tesla has a huge productivity advantage over Detroit's big three

    One analyst says Tesla has a "huge productivity advantage" over traditional car makers that use traditional engines.

  • Reuters

    RPT-China virus causes scare for India's smartphone makers

    The coronavirus outbreak in China could start to disrupt India's production of smartphones if it continues to spread in February, as it could delay component shipments, industry executives said. India is the world's biggest smartphone maker after China but is still largely dependent on China for supplies of parts such as cells, display panels, camera modules and printed circuit boards. Taiwan's Foxconn and Wistron make iPhones in India for Apple, and Foxconn produces phones there for China's Xiaomi as well.