Tata Motors surges as its arm launches TATA.ev stores in Gurugram
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Tata Motors is currently trading at Rs. 729.50, up by 20.75 points or 2.93% from its previous closing of Rs. 708.75 on the BSE.
The scrip opened at Rs. 717.00 and has touched a high and low of Rs. 731.00 and Rs. 712.05 respectively. So far 334296 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 734.85 on 18-Dec-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. 734.85 and Rs. 695.90 respectively. The current market cap of the company is Rs. 240574.13 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’ subsidiary -- Tata Passenger Electric Mobility (TPEM) has launched its TATA.ev stores, catering solely to EV customers, in the prominent auto hubs of Sector 14 & Sohna Road, Gurugram. These stores will be open to the public starting January 07, 2024.
As electric vehicles in India continue their growth trajectory, the consumer demographic is rapidly evolving as EV owners expect a seamless blend of advanced technology, sustainable practices and personalized services. In line with these evolving trends, TPEM extends its new brand identity, TATA.ev, to its first physical manifestation of sales and service experience. Marking a distinct transition from traditional 4-wheeler showrooms, the TATA.ev stores are designed around the core values of sustainability, community and technology. These showrooms will embody the core philosophy of ‘Move with Meaning’ and offer an inviting and immersive space for the EV community.
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.
