Tata Motors rises on commencing sales, service of commercial vehicles across Thailand
Tata Motors is currently trading at Rs. 682.00, up by 1.05 points or 0.15% from its previous closing of Rs. 680.95 on the BSE.
The scrip opened at Rs. 684.75 and has touched a high and low of Rs. 687.35 and Rs. 680.65 respectively. So far 139314 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 687.55 on 17-Nov-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 687.55 and Rs. 670.60 respectively. The current market cap of the company is Rs. 226601.20 crore.
The promoters holding in the company stood at 46.38%, while Institutions and Non-Institutions held 35.92% and 17.70% respectively.
Tata Motors along with its authorised distributor Inchcape has commenced the sales and service of its commercial vehicles across Thailand. This endeavour marks Tata Motors’ commitment to revolutionising the landscape of commercial transportation in Thailand. The company also launched an impressive line-up of new-age trucks, including Tata Super Ace, Tata Ultra T.9, Tata Ultra T.14 and the flagship Tata Prima 5038.S, with a gamut of value-added services, such as Tata Protect and Tata OK.
In April 2023, Tata Motors announced a strategic partnership with Inchcape plc - as its distributor for commercial vehicles in Thailand. To ensure that customers have easy access to support and services across Thailand, Inchcape plc will also establish an extensive network of 13 customer touchpoints including sales, service and spare parts, strategically located to provide seamless assistance to its customers.
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.auto