Tata Motors rides high on planning to introduce four wheel drive technology in electric versions of SUVs

Tata Motors is currently trading at Rs. 415.60, up by 7.65 points or 1.88% from its previous closing of Rs. 407.95 on the BSE.

tata motors groups global wholesales fall 15 in november
Tata Motors

The scrip opened at Rs. 409.00 and has touched a high and low of Rs. 417.50 and Rs. 409.00 respectively. So far 597215 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. 334.90 on 06-Oct-2021.

Last one week high and low of the scrip stood at Rs. 417.50 and Rs. 392.40 respectively. The current market cap of the company is Rs. 137895.20 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 is planning to introduce four wheel drive technology in electric versions of its sports utility vehicles (SUVs) going ahead.

The company currently does not offer four wheel drive trims in any of its existing product range which includes models like Nexon, Harrier and Safari.

The company aims to have a portfolio of ten electric products, a mix of existing nameplates and all new models, by 2025.

Besides, Tata Motors is looking at models above the Nexon range as possible candidates for the four by four (4X4) upgrade.

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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