Tata Motors trades higher on launching CNG variant of Tata 407
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Tata motors is currently trading at Rs. 304.10, up by 3.00 points or 1.00% from its previous closing of Rs. 301.10 on the BSE.
The scrip opened at Rs. 303.00 and has touched a high and low of Rs. 305.80 and Rs. 302.40 respectively. So far 364863 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 360.65 on 15-Jun-2021 and a 52 week low of Rs. 122.15 on 24-Sep-2020.
Last one week high and low of the scrip stood at Rs. 305.80 and Rs. 291.00 respectively. The current market cap of the company is Rs. 101020.36 crore.
The promoters holding in the company stood at 46.41%, while Institutions and Non-Institutions held 25.90% and 17.32% respectively.
Tata Motors has launched CNG variant of its most iconic commercial vehicle -- the Tata 407. Tapping into the benefits of CNG, the vehicle offers profits of up to 35% over the diesel variant. The all-new Tata 407 CNG has been designed to live up to its reputation as the ‘non-stop profit machine’, continuing to offer best-in-class performance and reliability, and adding even more value to the proposition with lower TCO.
The price of the new variant starts from Rs. 12.07 lakh (ex-showroom, Pune). The vehicle is available with a 10-feet load deck, offering a high load-carrying capacity. The all-new 407 CNG will further strengthen Tata Motors’ extensive CNG portfolio, ranging from 5-tonne to 16-tonne gross vehicle weight (GVW), in the I&LCV segment. The
Tata 407 CNG is powered by a 3.8-litre CNG engine leveraging the fuel-efficient SGI engine technology and delivers maximum power of 85PS while also generating best-in-class torque of 285Nm at low rpm. The 4,995kg-GVW vehicle is equipped with a fuel tank capacity of 180 litres to ensure faster turnaround time and higher 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.
