Tata Motors rides high after its arm begins deliveries of locally-manufactured Range Rover Sport
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Tata Motors is currently trading at Rs. 1054.35, up by 0.80 points or 0.08% from its previous closing of Rs. 1053.55 on the BSE.
The scrip opened at Rs. 1059.00 and has touched a high and low of Rs. 1067.15 and Rs. 1046.55 respectively. So far 312514 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. 593.50 on 25-Aug-2023.
Last one week high and low of the scrip stood at Rs. 1082.65 and Rs. 1027.05 respectively. The current market cap of the company is Rs. 348956.16 crore.
The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 34.25% and 19.39% respectively.
Tata Motors’ wholly owned subsidiary -- Jaguar Land Rover (India) (JLR) has begun the deliveries of the locally-manufactured Range Rover Sport. With this, the complete Range Rover portfolio is now made-in-India and the local manufacturing footprint expands to six vehicles in the portfolio. Available in both petrol and diesel engines, the new Range Rover Sport is priced at Rs 1.40 crore (ex-showroom).
Earlier, Jaguar Land Rover in May this year had announced that it will make Range Rover and Range Rover Sport in India at Tata Motors' Pune facility.
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.
