Tata Motors trades higher on bagging order for supply of 10,000 XPRES-T EV units from BluSmart Electric Mobility
Tata Motors is currently trading at Rs. 433.20, up by 0.85 points or 0.20% from its previous closing of Rs. 432.35 on the BSE.
The scrip opened at Rs. 432.35 and has touched a high and low of Rs. 433.35 and Rs. 429.00 respectively. So far 229750 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 536.50 on 17-Nov-2021 and a 52 week low of Rs. 268.50 on 24-Aug-2021.
Last one week high and low of the scrip stood at Rs. 446.00 and Rs. 424.50 respectively. The current market cap of the company is Rs. 143147.93 crore.
The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 28.97% and 19.47% respectively.
Tata Motors has bagged an order for supply of 10,000 XPRES-T EV units from BluSmart Electric Mobility. The deployment of 10,000 units makes this the biggest ever EV fleet order in India. With deliveries starting soon, these vehicles are an addition to the 3,500 XPRES-T EV order, which was signed by both the companies in October last year, and will be used across the country for commuters, in turn helps minimize the carbon footprint.
The company is delighted to continue its association with BluSmart Electric Mobility as 10,000 XPRES-T EVs (electric vehicles) will be deployed across the country. The company has covered 50 million clean kilometers and delivered over 1.6 million zero-emission rides with an elevated customer experience on its platform.
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.