Tata Communications soars on strengthening partnership with JLR
Tata Communications is currently trading at Rs. 1673.80, up by 42.55 points or 2.61% from its previous closing of Rs. 1631.25 on the BSE.
The scrip opened at Rs. 1638.05 and has touched a high and low of Rs. 1704.90 and Rs. 1633.65 respectively. So far 3320 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2175.00 on 03-Oct-2024 and a 52 week low of Rs. 1597.70 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1744.65 and Rs. 1625.00 respectively. The current market cap of the company is Rs. 47743.20 crore.
The promoters holding in the company stood at 58.86%, while Institutions and Non-Institutions held 31.46% and 9.68% respectively.
Tata Communications and JLR are set to enhance JLR’s connected vehicle ecosystem, transforming the driving experience for customers worldwide through the Tata Communications MOVE platform. The collaboration will empower JLR’s next-generation software-defined vehicles with continuous connectivity and access to intelligent services even in the remotest locations across 120 countries. The latest collaboration is an extension of their existing partnership to future-proof the carmaker’s digital transformation.
Leveraging Tata Communications MOVE platform, JLR’s upcoming medium-sized SUVs built on the new Electric Modular Architecture (EMA) will seamlessly transition between mobile networks and operators, enabling non-stop access to personalised connected services, such as media streaming. The platform will also enable greater and more secure data exchange between JLR and its customers’ vehicles, delivering more efficient software over-the-air (SOTA) updates and supporting the rollout of evolving advanced driver assistance systems (ADAS).
Every day, JLR’s fleet of connected vehicles generates 2.5 terabytes (TB) of data, with half a million electronic control units (ECUs) updated per month on average over the last 12 months. The use of Tata Communications MOVE platform will increase this data exchange and enable JLR engineers to harness deeper insights, monitor vehicle performance in real-time, and enable more prompt updates over the air to improve vehicle maintenance and servicing, reducing costs for the car owners and JLR. The advanced vehicles, expected to hit the roads in 2026, will deliver a smarter and more intelligent driving experience.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
