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Tata Motors surges on inking non-binding MOU with Ballard Power Systems

Tata Motors Passenger Vehicles Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500570 | NSE: TMPV

31 Jan 2012 Evaluate

Tata Motors is currently trading at Rs. 236.45, up by 2.35 points or 1% from its previous closing of Rs. 234.10 on the BSE.

The scrip opened at Rs. 235.90 and has touched a high and low of Rs. 238.20 and Rs. 235.30 respectively. So far 345080 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 260.38 on 07-Apr-2011 and a 52 week low of Rs. 137.65 on 13-Sep-2011.

Last one week high and low of the scrip stood at Rs. 240.90 and Rs. 222.55 respectively. The current market cap of the company is Rs. 63623.78 crore.

The promoters holding in the company stood at 35.04% while Institutions and Non-Institutions held 38.91% and 8.95% respectively.

Tata Motors has inked a non-binding memorandum of understanding (MOU) with Ballard Power Systems Inc for 12 FC velocity-1100 fuel cell stacks. These stacks are expected to power zero-emission buses planned for demonstration in various Indian cities. Ballard Power will deliver the fuel cells over 2012 and 2013, in-line with Tata Motor’s plans.

Recently, Tata Motors had showcased three new models slated for launch in the next financial year at the 11th Auto Expo held in Delhi. The company had also displayed four concept cars equipped with alternate fuel technology, based on existing platforms. These were the Tata Nano CNG, Indigo Manza diesel-electric hybrid, Tata Starbus Fuel Cell and Tata Indica Magic Iris CNG.

The company displayed the new Safari Strome model in the SUV segment. It also showcased the Tata Ultra truck range and 5-axle truck Tata LPT 3723. The firm plans to launch these vehicles in the market by next financial year. The Tata LPT 3723 is a 5-axle truck with a payload of 25 tonnes.

Tata MotorsPassenger Share Price

357.45 1.85 (0.52%)

21-Apr-2026 12:25 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	357.45
Maruti Suzuki	13498.00
Mahindra & Mahindra	3250.00
Hyundai Motor India	1890.25
Mercury Metals	35.00
View more..

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Tata Motors surges on inking non-binding MOU with Ballard Power Systems

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