06-12-2023 11:26 AM | Source: Accord Fintech
Tata Motors rises on partnering with HSBC India
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Tata Motors is currently trading at Rs. 563.75, up by 1.55 points or 0.28% from its previous closing of Rs. 562.20 on the BSE.

The scrip opened at Rs. 566.20 and has touched a high and low of Rs. 568.85 and Rs. 562.50 respectively. So far 122551 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 576.50 on 08-Jun-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 576.50 and Rs. 538.00 respectively. The current market cap of the company is Rs. 187249.03 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 partnered with HSBC India for a corporate employee financing solution to accelerate the adoption of zero emission Electric Vehicles. This partnership is in line with the shared vision of the two conscientious organizations to promote sustainability and de-carbonize road transport, paving the way for a greener and cleaner future.

Consumers holding a salaried account with HSBC India will get a chance to apply for this one-of-a-kind tailor made loan to purchase an electric vehicle of their choice from Tata Motors’ EV portfolio. As a part of this scheme, customers will be able to apply for a loan with zero down payment, no hypothecation, low processing fee and no documentation charges, amongst others, making the overall EV buying procedure not only simple but highly attractive for all prospective customers. Furthermore, as an added advantage, customers opting for this loan will also get a special accessory kit for their Tata EVs.

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