Tata Motors surges on achieving 50K sales of Nexon EV
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Tata Motors is currently trading at Rs. 587.00, up by 13.95 points or 2.43% from its previous closing of Rs. 573.05 on the BSE.
The scrip opened at Rs. 579.95 and has touched a high and low of Rs. 589.15 and Rs. 575.70 respectively. So far 300156 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 589.15 on 28-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. 589.15 and Rs. 557.45 respectively. The current market cap of the company is Rs. 193825.58 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 achieved the 50K sales mark for India’s bestselling EV, the Nexon EV. Since its launch in 2020, the Nexon EV has revolutionised the EV market in India by offering people first-hand EV experience as the vehicle of choice in their house, capable of covering long distances.
The Nexon EV was launched to break all barriers of EV adoption for the Indian customer, and in-turn has become the product that has enabled India’s journey to electrified mobility. The Nexon EV is currently being sold in over 500 cities across India and has been driven over 900 million km and counting, across varying terrains.
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.
