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Tata Motors surges on launching all new SuperAce Mint nationally

04 Mar 2015 Evaluate

Tata Motors is currently trading at Rs. 583.70, up by 9.10 points or 1.58% from its previous closing of Rs. 574.60 on the BSE.

The scrip opened at Rs. 583.90 and has touched a high and low of Rs. 592.00 and Rs. 575.20 respectively. So far 352691 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 612.05 on 03-Feb-2015 and a 52 week low of Rs. 379.15 on 20-Mar-2014.

Last one week high and low of the scrip stood at Rs. 600.50 and Rs. 558.20 respectively. The current market cap of the company is Rs. 160371.39 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 37.10% and 7.31% respectively.

Tata Motors has launched a new Small Pick-up, the Tata SuperAce Mint. The company’s target market for this truck are the entrepreneurs and the market load operators across the country who a mini truck at an affordable pricing and competitive maintenance cost. The Tata SuperAce Mint is equipped with a technically advanced 1.4 Litre DiCOR (common rail) BS4 engine which gives a best-in-class power of 70PS. Its technologically advanced engine delivers a flat torque over a wide range of engine rpm (1800 - 3000 rpm), enhancing the vehicle's pickup in all gears.

The Tata Ace family of Mini trucks offer last mile cargo transport solutions from Tata Motors and have successfully catered to the need for a safer, robust, economical and comfortable transport to cross narrow alleyways and through heavy traffic. With this launch, Tata Motors is further penetrating into the Small Pick-up market and plans to grow its market share in this segment. The Tata SuperAce Mint has an elegant design and the cabin has been developed keeping driver ergonomics in mind. It comes with a standard power steering and blower which makes it the most comfortable pickup in all types of road conditions.

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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