Tata Motors rises on plan to launch 'Bolt' in India on January 20

31 Dec 2014

Tata Motors is currently trading at Rs. 497.00, up by 3.10 points or 0.63 % from its previous closing of Rs. 493.90 on the BSE.

The scrip opened at Rs. 494.55 and has touched a high and low of Rs. 498.45 and Rs. 491.10 respectively. So far 240723 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 550.80 on 18-Nov-2014 and a 52 week low of Rs. 331.05 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 499.70 and Rs. 479.50 respectively. The current market cap of the company is Rs. 136288.31 crore.

The promoters holding in the company stood at 34.33 % while Institutions and Non-Institutions held 37.13 % and 7.28 % respectively.

Tata Motors, the country's largest automaker by revenues, is reportedly planning to launch its much waited hatchback Bolt on January 20, 2015 with a possible price tag ranging between Rs 4.2 lakh to Rs 6.60 lakh. The company has already started online bookings for the Bolt and interested customers can pay Rs. 11,000 to book the car.

The Bolt is expected to be available in six variants with two engine options. However, only the petrol version is expected to be available at the launch. The Bolt will be powered by the new 1.2-litre turbocharged MPFi Revotron engine which delivers 89bhp.

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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