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Tata Motors rides high on partnering with Tata Elxsi

17 Feb 2020 Evaluate

Tata Motors is currently trading at Rs. 169.95, up by 0.85 points or 0.50% from its previous closing of Rs. 169.10 on the BSE.

The scrip opened at Rs. 170.95 and has touched a high and low of Rs. 171.20 and Rs. 166.45 respectively. So far 796443 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. 176.10 and Rs. 166.45 respectively. The current market cap of the company is Rs. 52172.74 crore.

The promoters holding in the company stood at 42.39%, while Institutions and Non-Institutions held 33.21% and 13.70% respectively.

Tata Elxsi has partnered with Tata Motors in developing their unified Connected Vehicle Platform that powers the Nexon EV range of electric cars. With a collaborative approach, Tata Motors & Tata Elxsi developed a cloud based IoT Platform which provides Tata Motors with a common standard technology stack that delivers the scalability and high performance required to support the entire range of electric, commercial and passenger vehicles.

Tata Motors is in the process of offering the connected Vehicle feature as a key differentiator to most of its BS6 range of Passenger & Commercial Vehicles. Nexon EV, 'India’s own Electric SUV', is the very first application enabled vehicle, with a number of connected vehicle features. This unified cloud native approach will enable data & analytics synergies for Tata Motors, across product development, customer use cases, dealerships, allied businesses and service networks, enabling innovations in customer experience, offerings, services and business models.

Tata MotorsPassenger Share Price

355.60 -4.55 (-1.26%)
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