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Tata Motors moves up on filing 222 patents during FY24
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Tata Motors is currently trading at Rs. 1004.10, up by 3.30 points or 0.33% from its previous closing of Rs. 1000.80 on the BSE.
The scrip opened at Rs. 1005.25 and has touched a high and low of Rs. 1007.55 and Rs. 1001.25 respectively. So far 84969 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. 474.60 on 02-May-2023.
Last one week high and low of the scrip stood at Rs. 1007.55 and Rs. 965.95 respectively. The current market cap of the company is Rs. 333952.68 crore.
The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 35.34% and 18.30% respectively.
Tata Motors has achieved a significant milestone towards intellectual property rights (IPR) creation with a record-breaking number of 222 Patents and 117 Designs applications filed during the year FY24, highest in its history. These filings span across a wide spectrum of product and process innovations, addressing key automotive megatrends such as Connectivity, Electrification, Sustainability, and Safety (CESS). They also cover various vehicle systems such as powertrain, body & trim, suspension, brakes, HVAC, and emission control. Tata Motors also received its highest ever grant of 333 patents during the same period, taking its total tally of granted patents to over 850.
Tata Motors’ strong commitment to engineering excellence, cleaner powertrains, design, connectivity, and intelligent safety features ensures that its innovations seamlessly align with real-world needs. By prioritising both consumer well-being and environmental stewardship, the company’s purposeful research and innovation efforts have yielded more efficient, greener and safer vehicles, benefiting end-users and transforming the industry. In FY24, Tata Motors received five prestigious accolades and honors of global repute for its excellence in intellectual property rights (IPR).
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.
