TTM News and Press, Tata Motors Ltd Limited From 05/12/22

Tata Motors press release (NYSE:TTM): Q4 EBITDA of ₹88.03B Revenue of ₹784.39B (-11.5% Y/Y). “We expect performance to improve through the year as the China COVID and semiconductor supplies improve and aim to deliver strong EBIT improvement and free cash flows i...

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Palm Beach, FL – May 10, 2022 – FinancialNewsMedia.com News Commentary – Lithium, the silvery-white alkali metal, is as critical to the EV industry as water is to life. EV batteries won’t work without lithium. So, securing supplies has become critical...

Alliance Resources has increased its cash levels by more than 224% since June 2021. Alliance's election to convert Alliance Minerals into a corporate taxable entity will lower the company’s tax on its oil and gas royalty. This taxation reduced net income by $42 million. Pro...

Global electric car sales March 2022 - Up 60% YoY reaching 15% share. China sales up 118% YoY to 26% share. Europe sales were up 10% YoY to 22% share. EV market news - Biden invokes Defense Production Act to boost EV battery production. Electric car sales soar despite ballooning batte...

Tata Motors (NYSE:TTM) reported domestic sales growth of 81% Y/Y to 71,467 units in April. Commercial vehicles rose 87% Y/Y to 30,838 units for the month. Passenger vehicles up 66% Y/Y to 41,587 units. On 25 April, the company announced to hike prices of passenger vehicles...

Tata Motors (NYSE:TTM) down 2% premarket following the prices increase of its passenger vehicles, effective April 23, 2022. The company raised the price to combat the rise in input cost. The weighted average increase is 1.1%, depending on the variant and model. The company has also ...

Global electric car sales Feb. 2022 - Up 99% YoY reaching 9.3% share. China sales up 176% YoY to 20% share. Europe sales were up 38% YoY to 20% share. EV market news - UK hits new record electric car market share. Germany joins EU ICE ban by 2035. Record high gas prices are driving de...

Tata Motors (TTM +3.3%) reported domestic sales growth of 30% Y/Y to 86,718 units in March. Commercial vehicles rose 16%Y/Y to 47,050 units for the month. Passenger vehicles up 43% Y/Y to 42,293 units. Q4 domestic sales jumped 28% to 233,078 units. Registered total sales domestic an...

Tata Motors (NYSE:TTM), a key electric vehicle maker in India, anticipates some short-term pressure as a result of an ~20% rise in battery cell costs because of a global surge in raw material prices, mainly lithium. Speaking to Reuters, Shailesh Chandra, managing director of the passenger veh...