Trump is expected to strike a trade deal with the UK, which causes Tata Motors' shares to increase 3%.

As the New York Times reported, citing three persons familiar with the arrangements, that US President Donald Trump is set to announce a trade pact between the United States and Britain, Tata Motors' shares surged up to 3% on May 8.

Trump wrote in all capital letters that he will hold a news conference in the Oval Office on Thursday at 10 a.m. EDT (1400 GMT) regarding a "major trade deal with representatives of a big, and highly respected, country," the post on Truth Social earlier said.

The two nations have made strong progress on a trade agreement that is expected to include reduced steel and car tariff quotas, according to a UK official on Tuesday. Because it imports more goods from the United States than it exports, Britain was exempt from the higher tariffs imposed on other nations.

Given that the US market accounts for about one-fifth of Jaguar Land Rover's income, the agreement with the UK might be quite beneficial to the company if it is disclosed. The US imposed 25% tariffs on all auto imports in April, which caused the business to cease delivery of its automobiles. Though there has been no official confirmation, new sources indicate that supplies have restarted.