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Tata Motors rides high on launching new Tata Magic Bi-Fuel variant
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Tata Motors is currently trading at Rs. 971.60, up by 8.40 points or 0.87% from its previous closing of Rs. 963.20 on the BSE.
The scrip opened at Rs. 979.40 and has touched a high and low of Rs. 979.40 and Rs. 965.95 respectively. So far 476417 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. 467.20 on 21-Apr-2023.
Last one week high and low of the scrip stood at Rs. 1006.95 and Rs. 943.95 respectively. The current market cap of the company is Rs. 323017.57 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 milestone of 4 lakh happy customers of the Tata Magic - India’s most preferred van. On the momentous occasion, the company has introduced a new variant, the Magic Bi-Fuel, to further increase the convenience of its customers. Renowned for its reliability, efficiency and affordability in the last-mile transportation, the 10-seater Tata Magic has been the ideal choice of commuters and operators. The sleek design, safety and passenger comfort of the Tata Magic have been pivotal to its continued successes over the years.
The Tata Magic comes equipped with an array of value-added features such as an Eco switch, gearshift advisor and enhanced driver ergonomics, all aimed at reducing the total cost of ownership. The Magic is perfectly suited for student and staff transportation, and last-mile mobility. The Magic-Bi-Fuel is powered by a 694cc engine and comes with 60-litre CNG tank along with 5-litre petrol tank, with a cumulative range of around 380 kilometres on a single fill. Offering unparalleled performance and low maintenance costs, the Magic comes with an exceptional warranty of 2 years or 72,000 km.
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.
