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Tata Motors rises on exploring partnerships for electric mobility business

19 Feb 2019 Evaluate

Tata Motors is currently trading at Rs. 164.75, up by 1.75 points or 1.07% from its previous closing of Rs. 163.00 on the BSE.

The scrip opened at Rs. 164.80 and has touched a high and low of Rs. 165.80 and Rs. 161.10 respectively. So far 481809 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 376.80 on 27-Feb-2018 and a 52 week low of Rs. 141.90 on 08-Feb-2019.

Last one week high and low of the scrip stood at Rs. 165.80 and Rs. 151.60 respectively. The current market cap of the company is Rs. 47222.59 crore.

The promoters holding in the company stood at 37.27%, while Institutions and Non-Institutions held 36.46% and 14.73% respectively.

Tata Motors is exploring partnerships and business models to deliver mobility as a service in the electric mobility business. The company, which had bagged a tender from Energy Efficient Services (EESL) for the supply of 10,000 electric vehicles (EVs), has been working collaboratively on various electric and hybrid vehicle solutions in the commercial vehicle segment along with a dedicated EV platform for passengers vehicles.

The company is discussing with different other companies who have expertise in different spaces, where it can create bilateral win-win opportunities.

Tata Motors is India’s largest automobile company. 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.

Tata MotorsPassenger Share Price

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