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Tata Motors gains on partnering with HPCL to launch HP Tata Motors Genuine Oil

29 Sep 2016 Evaluate

Tata Motors is currently trading at Rs. 543.65, up by 3.80 points or 0.70% from its previous closing of Rs. 539.85 on the BSE.

The scrip opened at Rs. 545.00 and has touched a high and low of Rs. 546.90 and Rs. 542.80 respectively. So far 71509 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.60 on 07-Sep-2016 and a 52 week low of Rs. 266.00 on 11-Feb-2016.

Last one week high and low of the scrip stood at Rs. 562.00 and Rs. 530.70 respectively. The current market cap of the company is Rs. 157367.03 crore.

The promoters holding in the company stood at 33.01%, while institutions and non-institutions held 41.81% and 8.33% respectively.

Tata Motors and Hindustan Petroleum Corporation (HPCL) have launched the high performance range of HP Tata Motors Genuine Oil (HP TMGO), exclusively developed for Tata Motors passenger vehicles in the Indian market. HP TMGO range includes Engine Oils, Gear Oils, Steering and Transmission Fluids, Coolants, Brake Fluids and Greases.

HP TMGO has been formulated and blended from high quality base oils and additives, providing an enhanced engine performance through excellent deposit control and wear protection. Developed as per the regulations and specifications required for the international passenger vehicles market, these lubricants will be made available through HPCL’s retail and bazaar network and Tata Motors service stations across India.

Tata Motors is India’s largest automobile company, with consolidated revenues of Rs 262,796 crore in 2014-15. 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. It also has an industrial joint venture with Fiat in India.

Tata MotorsPassenger Share Price

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