Tata Motors rides high on joining hands with Axis Bank

Tata Motors is currently trading at Rs. 448.05, up by 5.70 points or 1.29% from its previous closing of Rs. 442.35 on the BSE.

The scrip opened at Rs. 444.35 and has touched a high and low of Rs. 451.45 and Rs. 444.35 respectively. So far 650556 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.

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

Last one week high and low of the scrip stood at Rs. 458.20 and Rs. 427.35 respectively. The current market cap of the company is Rs. 148556.17 crore.

The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.67% respectively.

Tata Motors has joined hands with Axis Bank, India’s third largest private sector bank, to offer an exclusive Electric Vehicle Dealer Financing solution to its authorized passenger EV dealers. Under this scheme, dealers can avail inventory funding over and above their ICE finance limit with attractive pricing linked to Repo Linked Lending Rate (RLLR). The repayment tenure will range from 60 to 75 days. Furthermore, the bank will also offer additional limit to cater to high demand phases, which will be available to dealers 3 times in a year.

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.

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