Tata Motors rises on partnering with EC Wheels India for EV fleet deployment in Eastern India

Tata Motors is currently trading at Rs. 444.25, up by 3.20 points or 0.73% from its previous closing of Rs. 441.05 on the BSE.

The scrip opened at Rs. 441.45 and has touched a high and low of Rs. 444.95 and Rs. 436.00 respectively. So far 494799 shares were traded on the counter.

tata motors groups global wholesales fall 15 in november
tata motors groups global wholesales fall 15 in november

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. 459.90 and Rs. 436.00 respectively. The current market cap of the company is Rs. 147260.91 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 entered into a partnership with EC Wheels India (an Associate of Steelman Group), an app based urban transportation service in Kolkata to deploy 1,000 XPRES T Electric sedans for cab transportation. With a commanding EV market share of 90% in the east, the signing of this MoU makes for the biggest ever EV fleet order in the region. As part of this partnership, the Company will commence deliveries in phases.

Tata Motors has been revolutionizing Indian automotive market with its pioneering efforts and is leading the e-mobility wave in India with a commanding market share of 87% in FY’22 and with over 30,000 Tata EVs on road till date in personal and fleet segment. Furthermore, in an effort to make EVs even more accessible to all, Tata Motors is closely working with other Tata Group companies including Tata Power, Tata Chemicals, Tata Auto Components, Tata Motors Finance and Croma, to contribute to the faster adoption of EVs in India through its EV ecosystem called the ‘Tata uniEVerse’.

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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