Tata Motors rides high on launching new Nexon EV MAX in Nepal
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Tata Motors is currently trading at Rs. 516.60, up by 4.95 points or 0.97% from its previous closing of Rs. 511.65 on the BSE.
The scrip opened at Rs. 514.00 and has touched a high and low of Rs. 520.40 and Rs. 510.15 respectively. So far 1717201 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 520.40 on 12-May-2023 and a 52 week low of Rs. 366.05 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 520.40 and Rs. 478.45 respectively. The current market cap of the company is Rs. 170472.09 crore.
The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 33.17% and 18.86% respectively.
Tata Motors has launched an extension to its bestselling EV in the personal mobility segment, the new Nexon EV MAX, at an attractive starting price of NPR 46.49 lakh for 7.2 kW charging option in Nepal. With this launch, Tata Motors is taking the lead to enhance the appeal of EVs and expand the market with a new offering for customers who are looking for longer intercity travel.
The new Nexon EV MAX powered by the high voltage state-of-the-art Ziptron technology will come in 3 exciting colours - Intensi -Teal (exclusive to the Nexon EV MAX), Daytona Grey and Pristine White. Dual tone body colour will be offered as a standard. Equipped with a 40.5 kWh Lithium-ion battery pack, the Nexon EV MAX offers 33% higher battery capacity, delivering an anxiety-free ARAI certified range of 453 km (under standard testing conditions), which ensures uninterrupted inter-city travel. The Nexon EV MAX produces 100 kW of power and delivers an instant torque of 250 Nm available at push of the pedal, resulting in 0 to 100 sprint times in under 9 secs.
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.
