Tata Motors catches speed on launching multipurpose heavy-duty trucks in South Africa

Tata Motors is currently trading at Rs. 939.65, up by 19.45 points or 2.11% from its previous closing of Rs. 920.20 on the BSE.

The scrip opened at Rs. 925.95 and has touched a high and low of Rs. 948.50 and Rs. 925.00 respectively. So far 495494 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 949.60 on 05-Feb-2024 and a 52 week low of Rs. 400.40 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 948.50 and Rs. 894.00 respectively. The current market cap of the company is Rs. 312119.79 crore.

The promoters holding in the company stood at 46.37%, while Institutions and Non-Institutions held 36.02% and 17.60% respectively.

Tata Motors along with its authorised distributor, Tata Africa Holdings has launched its successful range of multipurpose heavy-duty trucks - Ultra T.9 and Ultra T.14, in South Africa. Designed to fulfil the rising need for safer, smarter and greener cargo mobility, the Ultra is perfectly suited for a wide variety of conventional and specialist logistics applications including bakery, FMCG, white goods, agriculture and construction. The Ultra range is engineered to deliver high productivity with best-in-class power & torque and fuel efficiency with lower total cost of ownership (TCO).

The robustly built Ultra features a walk-through cabin, power steering, dashboard-mounted gear lever, booster assisted clutch and mechanically suspended seat for safe and fatigue-free driving. Powered by Tata Motors’ globally proven turbocharged diesel engines with best-in-class power and torque output, the Ultra T.9 (powered with a 3.3L engine) and Ultra T.14 (powered with a 5.0L engine) provide a reliable solution to comfortably carry heavy loads over long distances and rough terrains. The trucks come equipped parabolic suspension for rugged and uninterrupted operations. The trucks are offered with Tata Motors’ flagship connected vehicle system, the Fleet Edge, for efficient fleet management that helps further increase fleet productivity.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.