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Tata Motors Limited

5/25/2013, 11:51 PM ET

Quote & Headlines Market Currents StockTalk

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Tuesday, May 21, 8:27 AM Strengthening rumors of a steep 20% consumption tax on luxury cars in China could create a ripple in the automobile industry with expectations high for the segment and productions plans ramping up. On watch: Lincoln (F), Cadillac (GM), Mercedes-Benz (DDAIF.PK), Audi (VLKAY.PK), Tata Motors (TTM), and Porsche ((POAHY.PK). 21 Comments [Consumer]
Tuesday, April 16, 9:56 AM Tata Motors (TTM +6.1%) moves higher with Oppenheimer initiating the company with a somewhat surprising Outperform rating. Auto sales in India have been a major disappointment, but the firm thinks the automaker will be a major force in the luxury segment with its Jaguar and Land Rover brands. Comment! [Global & FX, Consumer, On the Move]
Thursday, April 11, 9:48 AM Tata Motors (TTM -1.6%) considers adding more features to its Nano model in order to justify charging buyers a higher price and improve the reputation of the brand. Sales in March of the egg-shaped car fell 86% Y/Y as consumers didn't buy into the scooter alternative concept. Comment! [Consumer, Global & FX]
Wednesday, April 10, 6:41 AM Automobile sales in India fell 6.7% in the fiscal year that ended at the end of March to mark the first decline in the industry in a decade. The Society of Indian Automobile Manufacturers reports 1.9M passenger cars were sold domestically during the period. 1 Comment [Consumer, Global & FX]
Thursday, March 28, 12:13 PM Shares of Tata Motors (TTM -3.5%) slip as estimates for the auto industry in India continue to drift lower. Inventories are already at six week levels with more automakers scheduled to increase capacity. Comment! [Consumer, Global & FX, On the Move]
Tuesday, March 12, 2:09 PM Tata Motors (TTM -0.8%) says vehicle sales rose 3% in February as a national holiday in China heavily influenced demand in that region. The automaker reports sales of Jaguar sedans rose 27% to 4,595 to help offset a slight slip in Land Rover SUV sales. Another disappointing month was seen in India, with sales off 71% Y/Y as low-cost entrants and a sluggish economy continue to hurt demand for higher-end vehicles. 1 Comment [Consumer, Global & FX]
Tuesday, March 5, 8:45 AM China will become the world's largest market for luxury cars by 2016 after its passes the U.S., according to a new report from McKinsey & Co. The firm sees China's premium car market growing to an annual selling rate of 3M premium cars by 2020. Though China provides an enticing growth opportunity for high-end automobile sellers, the market is also fraught with risk as the government stays involved with many of the joint ventures. Watching the trend: Daimler (DDAIF.PK), BMW (BAMXY.PK), Audi (VLKAY.PK), Acura (TM), Cadillac (GM), Aston Martin, Jaguar Land Rover (TTM), Tesla Motors (TSLA). 6 Comments [Consumer, Global & FX]
Monday, March 4, 11:02 AM Jaguar Land Rover (TTM -0.3%) will investigate manufacturing cars in India, according to reports. The move would allow the automaker to avoid the high import taxes in the nation for cars it sells locally. Comment! [Consumer, Global & FX]
Thursday, February 14, 8:55 AM Tata Motors (TTM): FQ3 PAT of Rs.1,628 crores. Revenue of Rs.46,090 crores. Shares -6.6% premarket. (PR) Comment! [Earnings, Breaking News, Consumer, On the Move]
Thursday, February 14, 8:42 AM Tata Motors (TTM) saw revenue rise 1% to 458.2B rupees ($8.53B) during its FQ3 but profits narrowed considerably from last year as increased competition hit Jaguar Land Rover. An even bigger concern could be that the automaker is having to make big investments which could incur the need for a fresh round of borrowing with free cash flow dwindling. TTM -6.6% premarket. Comment! [Consumer, Global & FX, On the Move]
Tuesday, February 12, 12:27 PM Tata Motors (TTM +4.9%) revs higher after the company reports a 32% increase in global sales for January. The gains were broad from the auto manufacturer with China (+74%), the U.K. (+33%), and North America (+24%) pacing the gains. Sales of Land Rover vehicles set records for the month in the U.K. U.S., and Germany. 1 Comment [Global & FX, Consumer, On the Move]
Wednesday, January 23, 12:45 PM Midday top 10 gainers: MAPP +59%. HMNF +34%. JAXB +26%. CREE +19%. DQ +18%. THLD +16%. KERX +15%. SMCI +15%. SILC +14%. FSGI +14%.
Midday top 10 Losers: STRI -25%. COH -15%. NMRX -15%. STSI -14%. URRE -12%. FU -12%. IAG -11%. GVP -10%. TTM -10%. VLTR -10%. Comment! [On the Move]
Tuesday, January 8, 10:20 AM Credit Suisse upgrades Tata Motors (TTM -0.1%) to Outperform. The automaker has set an aggressive path to increase its SUV market share with new models in global markets. Comment! [Global & FX, Consumer]
Wednesday, January 2, 8:33 AM Bank of America upgrades Tata Motors (TTM) to Buy from Neutral. The firm bases its bullish take on Tata on the strong performance of UK-based Jaguar Land Rover. Comment! [Consumer, Global & FX]
Thursday, December 13, 2012, 8:19 AM Tata Motors (TTM) shot up over 4% in Bombay trading after the automaker reported double-digit sales growth for November for Jaguar and Land Rover. The company saw strong demand in China help boost its results. Comment! [Global & FX, Consumer]
Sunday, December 2, 2012, 2:55 AM Auto makers experienced a mixed November in India, where the market has been declining this year due to higher loan rates, increasing fuel prices and fears of job losses. Ford's sales (F) grew 0.6% and Maruti Suzuki's (SZKMF.PK) 12%, but those of Tata Motors (TTM) slumped 15.5% and of Toyota (TM) 26% amid a suspension of production at factories near Bangalore. Meanwhile, Honda's (HMC) sales of scooter and motorbikes climbed 12%. Comment! [Consumer]