Tata Motors gains on launching upgraded version of Manza sedan

17 Oct 2012 Evaluate

Tata Motors is currently trading at Rs. 264.30, up by 2.15 points or 0.82% from its previous closing of Rs. 262.30 on the BSE.

The scrip opened at Rs. 264.25 and has touched a high and low of Rs. 267.70 and Rs. 264.10 respectively. So far 210281 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 320.60 on 20-Apr-2012 and a 52 week low of Rs. 160.20 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs. 274.50 and Rs. 261.15 respectively. The current market cap of the company is Rs. 71951.26 crore.

The promoters holding in the company stood at 34.71% while Institutions and Non-Institutions held 39.97% and 8.83% respectively.

Tata Motors, in a bid to boost its sluggish sales, has launched the all-new, luxurious variant of its flagship Manza sedan - the Manza Club Class sedan in both diesel and petrol versions. The sedan is available in 6 colors while the diesel car gives 21.02 kmpl mileage, the petrol variant gives 13.7 kmpl mileage.

Meanwhile, the company has included many luxuries to the sedan without changing the starting price. Prices start at Rs 5.70 lakh for petrol and Rs 6.49 lakh for diesel variant, ex-showroom Delhi. The luxury features added to the sedan include touch screen music system, alloy wheels, leather seats, airbags, contrast colored roof and many more.

Country’s largest automotive company’s global sales declined by 4% and stood at 103,656 units in September. The global sales of all commercial vehicles, including those of Tata, Tata Daewoo and the Tata Hispano Carrocera range, was up by 3% in the month under review at 54,761 units. However, the company’s passenger vehicles sales last month were lower by 11% at 48,895 units.

 

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