Tata Motors shines on introducing revised version of Indica eV2

04 Oct 2012 Evaluate

Tata Motors is currently trading at Rs. 276.50, up by 3.25 points or 1.19% from its previous closing of Rs. 273.25 on the BSE.

The scrip opened at Rs. 275.50 and has touched a high and low of Rs. 278.90 and Rs. 275.00 respectively. So far 385199 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 320.60 on 20-Apr-2012 and a 52 week low of Rs. 146.90 on 05-Oct-2011.

Last one week high and low of the scrip stood at Rs. 278.90 and Rs. 264.00 respectively. The current market cap of the company is Rs. 74997.17 crore.

The promoters holding in the company stood at 34.71% while Institutions and Non-Institutions held 39.97% and 8.83% respectively.

Tata Motors, country’s largest automobile company, has introduced the revised version of Indica eV2. It has also reduced the prices of its entry-level car by Rs 23,000. The new car price ranges at Rs 4,01,162 in ex-showroom Delhi, for the base variant and going up to Rs 487,619 for the top-end variant. eV2 LE -base model, eV2 LS and eV2 LX top-end model, are the three variants of new car.

As per the Automotive Research Association of India, the Indica eV2 is the most fuel-efficient car in its class, with a mileage of 25 kilometre per litre. The Indica eV2 is being launched with new exteriors, refreshed interiors and additional features. It is equipped with the CR4 Common Rail Diesel engine and has a displacement of 1,396 cc. The car is also available in petrol version with an MPFI engine and both engines are compliant with BS4 emission norms.

The company has registered a 3.82% dip in its total sales at 75,773 vehicles for the month of September 2012, against 78,783 vehicles in the same month last year. In the passenger vehicle segment, company’s domestic sales declined by 17.73% at 21,652 vehicles as against 26,319 vehicles sold in September last year. It has reported a decline of 12.48% at 5,441 export units, last month from 6,217 units in the same month last year.

Tata Motors Share Price

1015.80 2.00 (0.20%)
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