Tata Motors shares rose more than 3% in early morning trade following reports of a potential trade agreement between the United States and the United Kingdom. As of 9:20 AM, the shares were trading 1.94% higher at Rs 693.50.
According to a New York Times report, the US is expected to announce the trade deal later today. US President Donald Trump hinted at the agreement via his post on Truth Social, stating he would host a press conference at 10 AM Washington time on Thursday to discuss “a major trade deal with representatives of a big and highly respected country,” without naming the nation involved.
If confirmed, a US-UK trade deal could be a significant tailwind for JLR, which generates nearly 20% of its revenue from the US market. The company had temporarily paused vehicle shipments to the US in April after a 25% tariff was imposed on all auto imports. Though shipments reportedly resumed, neither JLR nor Tata Motors has issued an official statement.
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