Tata Motors inches up as its arm signs MoU with HPCL
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Tata Motors is currently trading at Rs. 980.85, up by 2.05 points or 0.21% from its previous closing of Rs. 978.80 on the BSE.
The scrip opened at Rs. 983.40 and has touched a high and low of Rs. 987.00 and Rs. 980.00 respectively. So far 96953 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. 401.10 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 995.00 and Rs. 950.50 respectively. The current market cap of the company is Rs. 327805.54 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 memorandum of Understanding (MOU) with Hindustan Petroleum Corporation (HPCL) to collaborate in establishing public charging stations across India. The collaboration will leverage HPCL’s widespread fuel station network and TPEM’s insights from over 1.2 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners. Additionally, HPCL will gather insights on charger usage to improve the customer experience.
In an effort to improve the experience of EV owners across India, this agreement between TPEM and HPCL 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 the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free.
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.
