Tata Motors gains on signing MoU with Vertelo
Tata Motors is currently trading at Rs 734.60, up by 6.55 points or 0.90% from its previous closing of Rs 728.05 on the BSE.
The scrip opened at Rs 728.60 and has touched a high and low of Rs 742.00 and Rs 725.55 respectively. So far 811067 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 1179.05 on 30-Jul-2024 and a 52-week low of Rs 542.55 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 742.00 and Rs 686.00 respectively. The current market cap of the company is Rs 270247.81 crore.
The promoters holding in the company stood at 42.58%, while Institutions and Non-Institutions held 35.04% and 22.39% respectively.
Tata Motors and Vertelo, a bespoke electric mobility solutions provider, have signed a Memorandum of Understanding (MoU) to make electric commercial vehicles more accessible for customers across the country. Through this partnership, Vertelo will provide customised leasing solutions, helping fleet owners transition smoothly to sustainable mobility. The solutions will be applicable to the entire Tata Motors electric commercial vehicle portfolio.
The company offers Tata Ace EV in last-mile mobility and Tata Ultra and Tata Starbus range in mass-mobility solutions. The company has also showcased Tata Prima E.55S, Tata Ultra E.12, Tata Magna EV bus, Tata Ultra EV 9 bus, Tata Intercity EV 2.0 bus, Tata Ace Pro EV and Tata Intra EV, catering to wide applications and customer requirements across product lines.
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.
