Tata Motors rises on increasing prices of passenger vehicles
It would offer protection from the price increase to vehicles that will be retailed on or before August 31, 2021
Tata Motors is currently trading at Rs. 300.30, up by 3.50 points or 1.18% from its previous closing of Rs. 296.80 on the BSE.
The scrip opened at Rs. 299.30 and has touched a high and low of Rs. 301.65 and Rs. 297.80 respectively. So far 217680 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 360.65 on 15-Jun-2021 and a 52 week low of Rs. 103.00 on 03-Aug-2020.
Last one week high and low of the scrip stood at Rs. 301.65 and Rs. 283.65 respectively. The current market cap of the company is Rs. 98546.73 crore.
The promoters holding in the company stood at 46.41%, while Institutions and Non-Institutions held 25.90% and 17.32% respectively.
Tata Motors has increased prices of its passenger vehicles by 0.8 percent with effect from August 3, 2021. It would offer protection from the price increase to vehicles that will be retailed on or before August 31, 2021.
For the well-being of its business and supporting ecosystem, the company had recently announced that it has set in motion a comprehensive ‘Business Agility Plan’ to protect and serve the interests of its customers, dealers and suppliers.
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.