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Tata Motors surges on unveiling India’s own Electric SUV ‘Nexon EV’

20 Dec 2019 Evaluate

Tata Motors is currently trading at Rs. 180.60, up by 1.90 points or 1.06% from its previous closing of Rs. 179.15 on the BSE.

The scrip opened at Rs. 180.50 and has touched a high and low of Rs. 181.35 and Rs. 179.60 respectively. So far 2665639 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 239.30 on 18-Apr-2019 and a 52 week low of Rs. 106.00 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 184.50 and Rs. 170.50 respectively. The current market cap of the company is Rs. 51726.85 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 33.04% and 14.02% respectively.

Tata Motors has unveiled India’s Own Electric SUV - the Nexon EV, an aspirational SUV for personal car buyers looking for a thrilling, connected drive experience with zero emissions.

Powered by the cutting-edge Ziptron technology, this vehicle promises an efficient high voltage system, zippy performance, long-range, fast charging capability, extended battery life and class leading safety features. Scheduled to be launched in January 2020, the Nexon EV is expected to be priced between Rs 15 to 17 lakh.

Available in three variants - XZ+ LUX, XZ+ (both in 2 tone) and XM (in single tone), the NEXON EV will come in three exciting colour options – Signature Teal Blue colour, Moonlit Silver and Glacier White. The car will additionally come with a warranty of 8 years or 1,60,000 kms (whichever is earlier) on battery & motor.

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.

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