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Tata Motors rides high on planning to roll out electric version of Tiago
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Tata Motors is currently trading at Rs. 446.90, up by 4.60 points or 1.04% from its previous closing of Rs. 442.30 on the BSE.
The scrip opened at Rs. 446.20 and has touched a high and low of Rs. 448.50 and Rs. 440.60 respectively. So far 1044043 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. 463.85 and Rs. 440.00 respectively. The current market cap of the company is Rs. 148257.26 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 is planning to roll out the electric version of its entry-level model Tiago later this month, in a step towards making environmentally friendly vehicles more accessible to customers. The Tiago EV would be the company's third product in the electric space after Nexon and Tigor.
Nexon EV and Tigor EV currently cater to the personal segment, while Xpres T is for the fleet segment. The company has set a target of introducing 10 electric models over the next five years.
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.
