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Tata Motors rises on launching the all-new Movus UV

06 Jun 2014 Evaluate

Tata Motors is currently trading at Rs.438.70, up by 3.90 points or 0.90% from its previous closing of Rs 434.80 on the BSE.

The scrip opened at Rs 436.00 and has touched a high and low of Rs 440.00 and Rs 428.70 respectively. So far 501037 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 464.20 on 16-May-2014 and a 52 week low of Rs 263.10 on 27-Jun-2013.

Last one week high and low of the scrip stood at Rs 436.00 and Rs 407.05 respectively. The current market cap of the company is Rs 118896.50 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 36.89% and 7.53% respectively.

Tata Motors has launched the all-new Movus UV (Utility Vehicle), a spacious and comfortable family vehicle, with optimum performance, making it a perfect companion for every journey. The all-new Movus is an entry-level UV, which is fuel efficient and easy to maintain, with the lowest running cost. With best-in-segment pick-up and mileage of 15.16 kms/litre, the all-new Movus has a high uptime, with lowest cost of operations and an engine warranty of 3-years or 150,000 kms.

The all-new Movus has been specifically designed to satisfy the needs of driveability, maneuverability and fuel efficiency in city travel and long haul journeys. Powered by the acclaimed high performance 2.2L VARICOR engine, the all-new Movus is engineered to deliver optimal performance in both city and highway conditions, with a power of 120 PS and torque of 250 Nm. Fitted with Independent Double Wishbone with coil springs in the front and Parabolic Leaf Spring-type suspension for the rear wheels, the all-new Movus can negotiate uneven surfaces with ease. The vehicle also has a large fuel tank of 65 litres and high load carrying capability.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.

 

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