Tata Motors gains on bagging order for 65 EVs from Kerala State Electricity Board
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Tata Motors is currently trading at Rs. 393.00, up by 1.20 points or 0.31% from its previous closing of Rs. 391.80 on the BSE.
The scrip opened at Rs. 396.70 and has touched a high and low of Rs. 396.80 and Rs. 389.60 respectively. So far 1577838 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. 268.50 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 459.95 and Rs. 376.15 respectively. The current market cap of the company is Rs. 130319.38 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 28.35% and 17.98% respectively.
Tata Motors has bagged order for 65 electric vehicles (EVs) from Kerala State Electricity Board (KSEB). The order includes 60 Tigor EVs and 5 Nexon EV SUVs. It is part of a competitive pan-India tender floated by KSEB in line with the state's vision 'Go Green/Carbon Neutral' by 2030.
The Tigor EV has an ARAI certified range of 306 km on a single charge. It is equipped with a 26-kWh high energy density lithium-ion battery pack, with a peak power output of 55 kW and is capable of accelerating from 0 to 60 kmph in 5.7 seconds. The Nexon EV SUV has an ARAI certified range of 312 km on a single charge. It comes with a high capacity 30.2 kWh lithium-ion battery and a 129 PS permanent-magnet AC motor.
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.
