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Tata Motors surges on buzz to reposition Nano as ‘Small City Car'

23 Aug 2013 Evaluate

Tata Motors is currently trading at Rs. 298.40, up by 5.85 points or 2.00% from its previous closing of Rs. 292.55 on the BSE.

The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 304.85 and Rs. 294.25 respectively. So far 509778 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.05 on 10-Jan-2013 and a 52 week low of Rs. 225.15 on 06-Sep-2012.

Last one week high and low of the scrip stood at Rs. 323.10 and Rs. 278.65 respectively. The current market cap of the company is Rs. 81485.41 crore.

The promoters holding in the company stood at 34.35% while Institutions and Non-Institutions held 37.98% and 8.43% respectively.

Tata Motors, the country’s largest automotive player and the world’s fourth largest truck and bus manufacturer, is reportedly planning to reposition the Nano as a ‘small city car'. The company is also planning to add some features such as power steering along with improving the interior and the exterior. The company is now focusing on making it a smart city car and targeting the young customers. The company has already declared a CNG version of the small car, along with a diesel version which has been spotted testing at various locations across the India.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.

 

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