Tata Motors surges on launching 5W30 synthetic engine oil
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Tata Motors is currently trading at Rs. 439.45, up by 13.95 points or 3.28% from its previous closing of Rs. 425.50 on the BSE.
The scrip opened at Rs. 429.70 and has touched a high and low of Rs. 443.20 and Rs. 429.70 respectively. So far 616481 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 536.50 on 17-Nov-2021 and a 52 week low of Rs. 293.05 on 21-Sep-2021.
Last one week high and low of the scrip stood at Rs. 458.85 and Rs. 424.10 respectively. The current market cap of the company is Rs. 145816.20 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.67% respectively.
Tata Motors has launched 5W30 synthetic engine oil developed specially to boost the performance of the new-generation BS6 diesel engines. By enhancing engine life and reducing friction between the moving parts, the 5W30 synthetic engine oil improves their reliability, durability and improves emission compliance. The vehicle uptime on the road increases for the transporter to earn more revenues and profits.
The new 5W30 synthetic engine oil has been extensively tested in varied and stringent conditions for over three years. It has been driven for more than ten lakh kilometres in difficult terrains, clocking more than 35,000 hours at the powertrain testing facilities. It uses a rich combination of high-performance polymer with a state-of-the-art additive technology blended in group III base oil. This introduction of synthetic engine oil for it is a step forward to deliver clean and green options, beyond vehicles, to deliver improved fuel economy, longer drain interval and enhanced engine wear protection, resulting in reduced carbon footprint of the vehicles.
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.
