Tata Motors shines on partnering with Lithium Urban Technologies
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Tata Motors is currently trading at Rs. 435.60, up by 10.35 points or 2.43% from its previous closing of Rs. 425.25 on the BSE.
The scrip opened at Rs. 434.50 and has touched a high and low of Rs. 436.60 and Rs. 432.40 respectively. So far 91566 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. 449.25 and Rs. 423.40 respectively. The current market cap of the company is Rs. 141219.37 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 28.97% and 19.47% respectively.
Tata Motors has entered into partnership with Lithium Urban Technologies, an EV-based urban transportation service provider. As part of the deal, Lithium Urban will deploy 5,000 XPRES T Electric sedans across the country, for employee transportation. Tata Motors will commence deliveries in phases and will complete the deployment by next year.
Tata Motors had launched 'XPRES' brand in July 2021, exclusively for fleet customers. The XPRES-T electric sedan comes with two range options - 213km and 165km (ARAI certified range under test conditions). It packs a high energy density battery of 21.5 kWh and 16.5 kWh, and can be charged from 0-80 per cent in 90 minutes and 110 minutes, respectively, using fast charging or can also be normally charged from any 15 A plug point.
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.
