Tata Motors jumps on plans to makeover Nano in 2013

27 Dec 2012 Evaluate

Tata Motors is currently trading at Rs. 312.00, up by 6.60 points or 2.16% from its previous closing of Rs. 305.40 on the BSE.

The scrip opened at Rs. 307.05 and has touched a high and low of Rs. 313.85 and Rs. 304.55 respectively. So far 743606 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. 176.80 on 30-Dec-2011.

Last one week high and low of the scrip stood at Rs. 310.50 and Rs. 297.45 respectively. The current market cap of the company is Rs. 84720.64 crore.

The promoters holding in the company stood at 34.74% while Institutions and Non-Institutions held 40.38% and 8.47% respectively.

Tata Motors is planning to makeover its cheapest car- Tata Nano, third time after it was launched in 2009. The company has decided to pack the little Nano with more punch, as the entity is working on installing 800 cc engine in the same, while a diesel option is also under consideration. 

The company has witnessed a decline in Tata Nano’s sales, which touched a low point in November, when the company managed to sell barely 3,500 cars against a target of 10,000. So, trough this initiative the company aims to increase the sales. The new Nano is expected to hit the roads in another 12 months with a price tag of around Rs 2.5 lakh for the base petrol version. 

Tata Motors Share Price

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