Tata Motors surges as its arm planning to invest 15 billion pounds over next five years
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Tata Motors is currently trading at Rs. 473.90, up by 4.95 points or 1.06% from its previous closing of Rs. 468.95 on the BSE.
The scrip opened at Rs. 472.60 and has touched a high and low of Rs. 475.00 and Rs. 469.25 respectively. So far 220802 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 494.50 on 17-Aug-2022 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. 483.50 and Rs. 465.75 respectively. The current market cap of the company is Rs. 157119.97 crore.
The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 29.25% and 20.10% respectively.
Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (JLR) is planning to invest 15 billion pounds (about Rs 153 crore) over the next five years to enhance its industrial footprint, introduce new models and to bolster technology in its range. Its Halewood plant in the UK will become an all-electric production facility and its next generation medium-size SUV architecture, electrified modular architecture (EMA), will now be pure-electric.
Its engine manufacturing centre in Wolverhampton, UK, currently producing internal combustion engines for its vehicles, will have an electric future producing electric drive units and battery packs for company's next generation vehicles.
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.
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