Tan responded to Trump late on Thursday, saying he shared the president’s commitment to advancing U.S. national and economic security and that the Intel board was « fully supportive of the work we are doing to transform our company. » « Any tax cut has wide public appreciation. But of course, the timing is purely determined by political exigencies, » said Dilip Cherian, a communications consultant and co-founder of Indian public relations firm Perfect Relations. The government source added that details are being firmed up to consider if any extra levies should be imposed over the 40% to keep the overall tax incidence for big cars the same at 43%-50%. Cars with higher engine capacity that currently attract 28% GST and an additional levy of up to 22% – resulting in total taxes of about 50% – may come under a new special rate of 40%, the source said. The consumption tax on health and life insurance premiums may also be lowered to 5% or even zero from 18% currently, the same source said. The federal government has suggested lowering GST on small petrol and diesel cars to 18% from the current 28%, said the source who is directly involved in the matter.
Tata Motors share price insights
Cracker Barrel said on Tuesday it will stick with its decades-old logo, scrapping plans for a new one following social media backlash, including from U.S. « Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected, » Trump said in a social media post. Trump had said in a social media post he told Cook « long ago » that « I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else ». Goldman’s economic research arm had published a note this month that said U.S. consumers had absorbed 22% of tariff costs through June, and their share could rise to 67% if the recent levies follow the same pattern as the earliest ones. He posted the screenshot of the email on X, which went viral and attracted more than 700,000 views.
Tata Motors Peer Comparison
Sales have been falling at the company due to its aging vehicle line-up, tough competition and Musk’s right-wing political stances that have tarnished its brand. Tata Motors will demerge its cars and trucks units into two separate entities, Tata Motors Passenger Vehicles and TML Commercial Vehicles, effective October 1. Trump alleged BofA CEO Brian Moynihan and JPMorgan Chase JPM.N CEO Jamie Dimon discriminated against him and his supporters. The latest round of trade talks between the two nations set for August has also been called off. Stocks of insurance companies such as ICICI Prudential ICIR.NS, SBI Life SBIL.NS, and LIC LIFI.NS rose as much as 2%-5% before pairing some gains. « This is the first arrest of many to come. We know there are more students at Columbia and other Universities across the Country who have engaged in pro-terrorist, anti-Semitic, anti-American activity, and the Trump Administration will not tolerate it. »
Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)
« We are now working at pace to restart our global applications in a controlled manner, » the statement from JLR, which has three carmaking factories in Britain, said. The breach, which the company disclosed on Tuesday, is the latest in a string of cyber and ransomware attacks targeting companies around the world. In Britain, household names including Marks & Spencer MKS.L and Co-op have fallen victim to increasingly sophisticated breaches. There is concern about the financial impact of the stoppage on JLR’s British supply chain, which includes many smaller companies and supports 104,000 jobs across the country.
Shares of other carmakers such as Mahindra & Mahindra MAHM.NS, as well as motorbike manufacturers like Hero MotoCorp HROM.NS and Bajaj Auto BAJA.NS, which will also benefit from tax cuts, jumped 2%-4% on Monday. NEW DELHI, Aug 18 (Reuters) – India aims to slash taxes on small cars and insurance premiums as part of a sweeping reform of its goods and services tax (GST), a government source said on Monday, sparking a rally in Indian stock markets. NEW DELHI, Sept 3 (Reuters) – Indian state and federal ministers will meet for two days from Wednesday to weigh the biggest cuts to consumption tax in eight years, aimed at spurring domestic demand in the face of economic headwinds from U.S. tariffs. Analysts, however, are sounding alarm bells and investors have pushed Tata’s stock lower over concerns on the amount of debt it will need to take.
« What you’re doing is wrong, » Trump said, in a video address at the World Economic Forum in Davos, Switzerland. Trump did not cite evidence or specifics of any wrongdoing, in a question-and-answer session with corporate leaders and CEOs assembled on stage. Trump later told reporters that Bezos had solved the problem « very quickly » and was « very nice ». In May, Trump recalled after a meeting in the Qatari capital Doha, that he had confronted Cook about the company’s plan to make advantages of pert most of its iPhones sold in the U.S. at factories in India by the end of 2026. The remarks from Trump came as the British carmaker, owned by India’s Tata Motors TAMO.NS, announced the retirement of CEO Adrian Mardell, who spent more than three decades at the company.
- Trump later told reporters that Bezos had solved the problem « very quickly » and was « very nice ».
- The proposed tax cuts are also aimed at cushioning the expected fall in exports to the United States by boosting domestic consumption, helping raise farm incomes and encouraging self-reliance among Indian manufacturers.
- Trump said in May that Walmart and China should « eat the tariffs » and not burden American shoppers, after Walmart CEO Doug McMillon said the retailer could not absorb all tariff-related costs because of narrow retail margins.
Tata Motors major competitors are Mahindra & Mahindra, Maruti Suzuki, Hindustan Motors. This has been validated by S&P Global Mobility that shared data exclusively with Reuters showing how Tesla’s brand loyalty had plunged at the fastest-rate ever since Musk endorsed Trump last summer. While Renault’s major focus on Europe and absence from the U.S. market has largely insulated it from Trump’s trade turmoil, it has also made it more vulnerable to the region’s sluggish growth and growing competition from Chinese brands. Trump, who had proposed a 25% tariff on goods from India, has repeatedly threatened to raise rates further over New Delhi’s continued purchase of Russian oil – an attack that Modi’s administration has said is « unjustified ».
- Although exports resumed in May, the company cut its profit margin target for fiscal 2026 to 5%-7%, down from 10%, citing ongoing trade uncertainty.
- Tan responded to Trump late on Thursday, saying he shared the president’s commitment to advancing U.S. national and economic security and that the Intel board was « fully supportive of the work we are doing to transform our company. »
- It reiterated in an emailed statement on Friday that there was no evidence customer data had been stolen at this stage.
- However, Trump responded that it was mostly « companies and governments, many of them foreign, picking up the tabs », and that « David Solomon and Goldman Sachs refuse to give credit where credit is due. »
- Balance sheet of Tata Motors is moderately strong, But short term working capital might become an issue for this company.
Tata Motors shares fall 4% as potential £2 billion cyberattack bill higher than JLR FY25 profit
Later in July, the university said it will pay over $200 million to the U.S. government in a settlement with Trump’s administration. Trump had said in a social media post after the arrest of a Palestinian graduate student Mahmoud Khalil played a prominent role in the protests. Trump said in May that Walmart and China should « eat the tariffs » and not burden American shoppers, after Walmart CEO Doug McMillon said the retailer could not absorb all tariff-related costs because of narrow retail margins. In May, Trump recalled after a meeting in the Qatari capital Doha, that he had confronted Cook about shifting production to India, amid the company’s plans to make most of its iPhones sold in the U.S. at factories in India by the end of 2026. In July, the university said it will pay over $200 million to the U.S. government in a settlement with Trump’s administration.
Tata Motors shares fall 2% from day’s high after JLR extends production pause
« David Solomon and Goldman Sachs refuse to give credit where credit is due, » Trump said in a post on Truth Social, shortly thereafter. While Trump did not call out McMillon personally, he publicly criticized Walmart for attributing its price hikes in May to tariffs imposed by his administration. The electric automaker’s billionaire tech CEO Elon Musk spent hundreds of millions of dollars supporting Trump’s re-election, a move investors who bid up Tesla stock expected to benefit Musk’s empire. India set a 2025 target years ago for 20% ethanol blending in fuel, called E20, as part of Prime Minister Narendra Modi’s focus on clean energy. But in recent weeks it has become the only choice at nearly all fuel stations, causing furore among drivers over its impact on vehicle performance and durability, especially older vehicles. In a win for Japanese carmakers Toyota Motor 7203.T and Suzuki Motor 7269.T, Modi’s government has proposed reducing GST on small petrol hybrid cars to 18% from 28%.
Since then, there has been mounting concern about the financial impact on JLR’s British supply chain, which includes many smaller companies and supports 104,000 jobs across the country. Balance sheet of Tata Motors is moderately strong, But short term working capital might become an issue for this company. Tata Motors seems to be less financially stable compared to its competitors.Altman Z score of Tata Motors is 2.42 and is ranked 4 out of its 4 competitors.
The equity raise will happen « sometime in the next 18 months, » Balaji said in a separate conversation with journalists. With its autos business sporting net cash for the first time in 20 years, Tata Motors is understandably wary of its subsidiary looking like the slow horse in the race. Trump has repeatedly targeted Apple and its boss, Cook, for making U.S.-sold iPhones outside the country and has threatened company-specific tariffs.
In a post on his social media platform last week, Trump also called Comcast a « weak and ineffective owner … headed by … Brian Roberts ». Trump said in May Walmart and China should « eat the tariffs » and not burden American shoppers, after CEO Doug McMillon said the retailer could not absorb all tariff-related costs because of narrow retail margins. Automakers, already battling slower sales and shortages of rare-earth magnets, have provided mixed guidance, adding to consumer anger over the lack of choice. Public interest litigation against the move will be heard in the Supreme Court on Monday.
India’s GST council, which is headed by federal Finance Minister Nirmala Sitharaman and has representation from the country’s states, is expected to finalise the list of items for tax cuts in a meeting on September 3-4. The U.S. has said it will charge a 15% tariff on imports from South Korea, down from a threatened 25%, as part of a deal that eases tensions with a key Asian ally and trading partner. South Korea, however, will allow American products, including autos, into its markets and impose no import duties on them. Goldman Sachs Economics Research in a note published on August 10 said that U.S. consumers had absorbed 22% of tariff costs through June and their share will rise to 67% if the recent levies follow the same pattern as the earliest ones. Small cars made up a third of the 4.3 million passenger vehicles sold in the world’s third-largest automobile market last fiscal year, down from nearly 50% pre-COVID, industry data showed. « With more affordability, more people will come into the purchasing system, » said Bhargava, who declined to comment on proposed tax cuts on small cars until the fine print is out.