TTM - Tata Motors Limited

NYSE - NYSE Delayed price. Currency in USD
7.53
+0.66 (+9.61%)
At close: 4:00PM EDT

7.56 +0.03 (0.40%)
After hours: 5:42PM EDT

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Previous close6.87
Open7.30
Bid7.56 x 900
Ask7.57 x 2200
Day's range7.21 - 7.68
52-week range3.92 - 14.03
Volume5,049,080
Avg. volume3,001,069
Market cap4.859B
Beta (5Y monthly)2.00
PE ratio (TTM)3.89
EPS (TTM)1.93
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date14 Jul 2016
1y target est5.50
  • Brokers upbeat on Tata Motors despite economic uncertainty
    Stockopedia

    Brokers upbeat on Tata Motors despite economic uncertainty

    The Tata Motors (NSI:TATAMOTORS) share price has risen by 19.1% over the past month and it’s currently trading at 93.85. For investors considering whether to b...

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  • Tata Motors' High Debt Seen as Risk, Analyst Says
    Bloomberg

    Tata Motors' High Debt Seen as Risk, Analyst Says

    Jun.16 -- Jigar Shah, chief executive officer for India at Maybank Kim Eng Securities, talks about the outlook for Tata Motors Ltd., which posted a quarterly loss of 98.94 billion rupees ($1.3 billion), the highest on record. Tata's British unit Jaguar Land Rover said it’s seeing the beginnings of a demand rebound in China as the world’s second-largest economy opens up after months of inactivity following the coronavirus outbreak. Shah speaks on "Bloomberg Markets: Asia."

  • Bloomberg

    Jaguar Land Rover Posts Surprise Sales Surge in China

    (Bloomberg) -- Jaguar Land Rover said it’s seeing the beginnings of a demand rebound in China as the world’s second-largest economy opens up after months of inactivity following the coronavirus outbreak.While JLR lost 501 million pounds ($630 million) before tax in the three months ended March 31, sales in China gained 4.2% in May from a year earlier as all of its retailers there reopened for business, according to a statement Monday. Britain’s largest carmaker is also seeing improvements in the U.S. and Europe, though the U.K. and other countries have yet to recover from lockdowns.JLR will still cut 1,100 contract workers engaged in manufacturing across various factories to help hold down costs. The unit of India’s Tata Motors Ltd. held off eliminating permanent posts among its 38,000 workers. JLR is tapping the British government’s furlough scheme as it assesses how fast demand is likely to revive.“In China, we are beginning to see recovery in vehicle sales and customers are returning to our showrooms,” Chief Executive Officer Ralf Speth said in the release. The company is gradually resuming production at its main Solihull and Halewood factories in the English Midlands, as well as at U.K. engine plants and its sites in Slovakia and Austria.After struggling in China and dealing with uncertainty around Brexit, JLR initiated a 2.5 billion-pound cost-cutting drive that has already featured thousands of job losses worldwide. The plan, called Charge, has now been expanded to target savings of 5 billion pounds by March 2021, it said.The U.K. manufacturer said it is reducing capital spending by about 25% by deferring “lower margin” and non-critical investments. It had a negative 1.5 billion-pound cash flow in April and May with its facilities shuttered.Tata ResultsParent Tata Motors posted a quarterly loss of 98.94 billion rupees ($1.3 billion), the highest on record. The success of JLR is crucial for Tata, which is acquired the U.K. maker of sports cars and luxury SUVs in 2008, and is struggling with an Indian sales slump that began even before Covid-19 wiped out demand.“The speed with which it has come has indeed been a pleasant surprise,” group finance chief P.B. Balaji said of the Chinese sales resurgence. “Obviously there is something happening there, but I would want to be cautious. Let’s watch it for a few more months before we say now there really is a roaring recovery.”Tata Motors’ shares rose as much as 3% before gains to trade little changed at 101 rupees as of 9:42 a.m. in Mumbai. They have lost 45% of their value so far this year.Tata plans to save 60 billion rupees in its domestic business, and is looking for a partner for its cars and SUV business in India, he said.(Updates with Tata Motors shares in second-last paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 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.

  • Coronavirus: Jaguar Land Rover to slash up to 1,100 contract jobs in UK
    Yahoo Finance UK

    Coronavirus: Jaguar Land Rover to slash up to 1,100 contract jobs in UK

    The carmaker is scaling up its cost-cutting measures in response to the coronavirus crisis.

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  • 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>.

  • Upbeat broker recommendations for Tata Motors
    Stockopedia

    Upbeat broker recommendations for Tata Motors

    The Tata Motors (NSI:TATAMOTORS) share price has risen by 11.3% over the past month and it’s currently trading at 90.55. For investors considering whether to b...

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  • 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 programme.

  • Coronavirus: Keeping car showrooms shut costs UK government £61m a day
    Yahoo Finance UK

    Coronavirus: Keeping car showrooms shut costs UK government £61m a day

    UK auto lobby calls on government to allow showrooms to re-open.

  • Analysts optimistic on Tata Motors outlook
    Stockopedia

    Analysts optimistic on Tata Motors outlook

    The Tata Motors (NSI:TATAMOTORS) share price has risen by 12.9% over the past month and it’s currently trading at 83.35. For investors considering whether to b8230;

  • 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.

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  • Reuters - UK Focus

    Nissan plans to restart output at UK's biggest car factory in June

    Nissan will restart phased production in early June at its northern English Sunderland factory, Britain's biggest car plant, as the sector tries to resume operations amid the coronavirus outbreak. BMW's Rolls-Royce car factory looks set to be the first British car factory to resume output with a start date of May 4. Aston Martin, Bentley and Britain's biggest carmaker Jaguar Land Rover are also due to resume some production next month.

  • The Tata Motors share price – where next?
    Stockopedia

    The Tata Motors share price – where next?

    The Tata Motors (NSI:TATAMOTORS) share price has risen by 8.84% over the past month and it’s currently trading at 89.85. For investors considering whether to b8230;

  • Reuters - UK Focus

    Coronavirus slashes UK car output as industry warns of big hit

    The British car industry faces losing output worth more than 8 billion pounds ($10 billion) due to the coronavirus outbreak, which cut production in March by a third, falling to its lowest level since 2009, an industry body said on Thursday. The sector, Britain's biggest exporter of goods which employs more than 800,000 people, saw factories and dealerships begin to close from mid March with only some having set reopening dates for May. Automakers around the world have warned of the scale of the challenge affecting manufacturers already struggling to deal with tougher emissions rules, the hit to diesel sales and the cost of electrification and autonomous technology.

  • 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.

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  • 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.

  • Reuters - UK Focus

    UK car sector warns on coronavirus: "companies need cash immediately"

    Britain's car sector needs immediate cash and the government should introduce measures to support suppliers, some of which only have enough money to handle the coronavirus crisis for weeks not months, the head of the main trade body told Reuters. The government has announced several schemes including paying 80% of salaries, up to 2,500 pounds ($3,065) a month per employee, to those placed on a leave of absence, known as furloughing.

  • Reuters - UK Focus

    Jaguar aims to make 5,000 visors a week for UK health workers amid coronavirus outbreak

    Britain's biggest carmaker Jaguar Land Rover said it is using its prototype building operations to make a target of 5,000 visors a week for health service workers, as manufacturers repurpose facilities to fight against coronavirus. The government is trying to boost the amount of personal protective equipment for doctors and nurses and ventilators for patients. "Jaguar Land Rover continues to work closely with the UK government and has offered its research and engineering expertise, as well as digital engineering and design, printing of 3D models and prototypes, machine learning, artificial intelligence and data science support," it said in a statement.

  • 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.

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

    India's Tata Motors to spin off car division as separate unit

    Tata Motors Ltd <TAMO.NS> 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.

  • Reuters - UK Focus

    Coronavirus to cut UK car output by over 15%, more if crisis lasts months -trade body

    The coronavirus outbreak will cut British car output by more than 15% this year and the drop could be even bigger if closed factories have to stay shut for months, an industry body said on Friday, urging the government to do more. The sector, Britain's biggest exporter of goods, employs more than 800,000 people with Jaguar Land Rover and Nissan building over half of the country's cars at factories in central and northern England. Full-year output was already expected to dip slightly to 1.27 million this year but will now fall to 1.06 million, assuming Britain secures a zero-tariff deal with the EU due to kick in on Jan. 1, said the Society of Motor Manufacturers and Traders (SMMT).

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    Yahoo Finance UK

    Coronavirus: Renault aims to avoid nationalisation

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  • 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.

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