Tata Motors rises on entering into strategic partnership with Renesas Electronics along with Tejas Networks
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Tata Motors is currently trading at Rs. 417.80, up by 0.75 points or 0.18% from its previous closing of Rs. 417.05 on the BSE.
The scrip opened at Rs. 412.20 and has touched a high and low of Rs. 420.00 and Rs. 411.95 respectively. So far 256547 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. 419.15 and Rs. 390.55 respectively. The current market cap of the company is Rs. 138930.37 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 28.97% and 19.47% respectively.
Renesas Electronics Company has entered into strategic partnership with Tata Motors (TML) and Tejas Networks (Tejas), both Tata Group companies, on the design, development and manufacturing of Renesas’ semiconductor solutions for enhancing innovation across electronics systems for the Indian and emerging markets.
Renesas and Tata Motors will collaborate on developing next-generation automotive electronics to drive leadership performance and scalability for vehicles. Renesas with deep expertise in semiconductor technology will partner with Tata Motors to accelerate the development of electric and connected vehicles to further enhance company’s pre-eminence and market-leading position. To effectively address evolving customers’ aspirations, Renesas and Tata Motors will explore a non-exclusive partnership on emerging technologies such as ADAS.
Renesas will collaborate with Tejas for implementing next-generation wireless network solutions. This includes design and development of semiconductor solutions for radio units (RU) used in telecom networks, from 4G, 5G, to open radio access network (O-RAN), which enables open and flexible 5G RAN deployments, in addition to allowing wider interoperability. The companies aim to roll out products and solutions initially for India and aim to expand its footprint in the global markets. This partnership brings two industry leading companies closer together, creating numerous benefits.
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.
