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Tata Motors catches speed on signing MoU with Everest Fleet for delivering 5000 XPRES-T EVs

Tata Motors is currently trading at Rs. 420.55, up by 3.90 points or 0.94% from its previous closing of Rs. 416.65 on the BSE.

tata motors reports 49 fall in q4 consolidated net profit 1 e1627878397794
Tata Motors

The scrip opened at Rs. 416.05 and has touched a high and low of Rs. 421.35 and Rs. 413.10 respectively. So far 438011 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 528.35 on 18-Jan-2022 and a 52 week low of Rs. 366.05 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 422.55 and Rs. 408.00 respectively. The current market cap of the company is Rs. 137833.54 crore.

The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.68% respectively.

Tata Motors has signed a memorandum of understanding (MoU) with Everest Fleet for the delivery of 5000 XPRES-T EVs. Moving forward in its journey towards accelerating the transition to sustainable transportation, the company handed over 100 cars on December 14, 2022, to mark this celebration.

In July 2021, Tata Motors launched the ‘XPRES’ brand exclusively for fleet customers, and the XPRES-T EV is the first vehicle under this brand. The new XPRES-T electric sedan comes with 2 range options – 213km and 165km (ARAI certified range under test conditions).

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.