Tata Motors inches up on opening Registered Vehicle Scrapping facilities in Lucknow, Raipur
Tata Motors is currently trading at Rs. 670.50, up by 0.40 points or 0.06% from its previous closing of Rs. 670.10 on the BSE.
The scrip opened at Rs. 671.25 and has touched a high and low of Rs. 675.90 and Rs. 666.80 respectively. So far 345625 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. 715.00 and Rs. 666.80 respectively. The current market cap of the company is Rs. 246602.75 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 has opened two state-of-the-art Re.Wi.Re - Recycle with Respect - Registered Vehicle Scrapping Facilities (RVSFs) in Lucknow (Uttar Pradesh) and Raipur (Chhattisgarh). These facilities are designed to safely and responsibly dismantle end-of-life vehicles. They are equipped to handle passenger and commercial vehicles across all brands, including two- and three-wheelers.
The Raipur RVSF will be operated by Tata Motors’ partner Raipur Green Energy and has a capacity to safely dismantle up to 25,000 vehicles per annum, while the Lucknow facility that can scrap up to 15,000 vehicles annually and is operated by Moto Scrapland.
With this expansion, Tata Motors now operates 10 vehicle-scrapping centres, including facilities in Jaipur, Bhubaneswar, Surat, Chandigarh, Delhi NCR, Pune, Guwahati, Raipur, Lucknow and Kolkata. Each Re.Wi.Re facility is fully digitalised, with all its operations seamless and paperless.
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.
