12-04-2024 11:11 AM | Source: Accord Fintech
Tata Motors gains as its arm inks MoU with Shell India Markets

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Tata Motors is currently trading at Rs. 1024.40, up by 11.25 points or 1.11% from its previous closing of Rs. 1013.15 on the BSE.

The scrip opened at Rs. 1015.50 and has touched a high and low of Rs. 1029.25 and Rs. 1013.50 respectively. So far 164497 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 455.80 on 12-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1029.60 and Rs. 1004.05 respectively. The current market cap of the company is Rs. 340417.35 crore.

The promoters holding in the company stood at 46.37%, while Institutions and Non-Institutions held 36.02% and 17.60% respectively.

Tata Passenger Electric Mobility (TPEM), the electric car making arm of Tata Motors, has signed a non-binding Memorandum of Understanding (MoU) with Shell India Markets (SIMPL) to collaborate in establishing public charging stations across India. The collaboration will leverage Shell’s widespread fuel station network and TPEM’s insights from over 1.4 lakh Tata EVs on Indian roads to set up chargers at locations frequently visited by Tata EV owners. Additionally, both companies will work towards delivering superior charging experiences.

To improve the experience of EV owners across India, this agreement between TPEM and Shell India Markets (SIMPL) aims to explore synergies between the two companies to encourage more people to adopt electric vehicles in the country. The two companies are also exploring introducing convenient payment systems and loyalty programs, which will add significant value to TPEM’s customers.

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.