Tata Motors Share Price: Tata Motors shares rose as much as 3% on May 8 after a New York Times report, citing sources familiar with the matter, said US President Donald Trump is expected to announce a trade deal with the United Kingdom. Trump wrote on Truth Social that he would hold a press conference at 10 a.m. EDT (2 p.m. GMT) on Thursday to unveil a “major trade deal with representatives of a big, and highly respected, country,” though he did not provide specifics, calling it the “first of many.” A UK official confirmed that progress had been made on a potential trade pact, which could include lower tariff quotas on steel and automobiles. Notably, Britain has so far avoided the additional US tariffs imposed on other countries, largely due to its trade imbalance favoring American imports. By 9:37 a.m. IST on May 8, Tata Motors shares were trading 2.4% higher at Rs 697 before touching an intraday high of Rs 704.5. The rally is driven in part by optimism around the potential deal’s benefits for Jaguar Land Rover (JLR), Tata Motors’ luxury vehicle arm, which derives nearly 20% of its revenue from the US market. JLR had temporarily halted US shipments in April due to a 25% tariff on auto imports but is reported to have recently resumed them, though no official confirmation has been made. The stock also gained on May 7 after India and the UK finalized a Free Trade Agreement (FTA), which includes a steep reduction in import duties for premium cars—from over 100% to 10% under a quota system. Additionally, Tata Motors announced shareholder approval for its restructuring plan to split the company into two listed entities—one for passenger vehicles (including JLR) and the other for commercial vehicles. The proposal received an overwhelming 99.9995% approval in a shareholder vote, according to an exchange filing.