Tata Motors moves up as its arm inks MoU with Vertelo

25 Apr 2024 Evaluate

Tata Motors is currently trading at Rs. 992.85, up by 1.25 points or 0.13% from its previous closing of Rs. 991.60 on the BSE.

The scrip opened at Rs. 994.00 and has touched a high and low of Rs. 996.60 and Rs. 991.00 respectively. So far 88251 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 472.35 on 25-Apr-2023.

Last one week high and low of the scrip stood at Rs. 996.60 and Rs. 943.95 respectively. The current market cap of the company is Rs. 330047.28 crore.

The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 35.34% and 18.30% respectively.

Tata Motors’ subsidiary -- Tata Passenger Electric Mobility (TPEM) has signed a non-binding Memorandum of Understanding (MoU) with Vertelo, a Macquarie managed integrated fleet electrification platform, for the delivery of 2,000 XPRES-T EVs. This partnership aims to bolster the plans to accelerate India’s transition to sustainable e-mobility. The company will begin deliveries of the cars to Vertelo in a phased manner.

In July 2021, Tata Motors launched the ‘XPRES’ brand exclusively for fleet customers, and the XPRES-T EV is the first vehicle under this brand. The new XPRES-T electric sedan comes with 2 range options - 315km and 277km (ARAI certified range under test conditions). It packs a high energy density battery of 26 kWh and 25.5 kWh and is charged from 0-80% in 59 minutes and 110 minutes respectively, using fast charging or can also be normally charged from any 15 A plug point, which is easily available and convenient. 

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.

Tata Motors Share Price

750.55 9.75 (1.32%)
27-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Tata Motors 750.55
Ashok Leyland 220.55
Force Motors 6575.45
Olectra Greentech 1426.85
SML Isuzu 1449.05
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.