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Tata Motors rises on launching 10 new Prima LX trucks

07 Mar 2014 Evaluate

Tata Motors is currently trading at Rs. 409.45, up by 1.50 points or 0.37% from its previous closing of Rs. 407.95 on the BSE.

The scrip opened at Rs. 407.80 and has touched a high and low of Rs. 415.75 and Rs. 405.70 respectively. So far 311950 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 420.30 on 04-Mar-2014 and a 52 week low of Rs. 252.10 on 05-Apr-2013.

Last one week high and low of the scrip stood at Rs. 420.30 and Rs. 404.50 respectively. The current market cap of the company is Rs. 112944.14 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 37.57% and 7.60% respectively.

Tata Motors has launched 10 new Heavy Commercial Vehicles from its Prima LX range, as a significant step towards ushering in a new era in the Indian trucking landscape. Launching six new heavy trucks in the haulage segment and four in the construction segment, the Prima LX range is a combination of economy and performance and sets the new benchmark in styling and features from Tata Motors medium & heavy commercial vehicle stable.

The company has launched six new models of the Prima LX in the cargo segment - Prima LX 4928.S SRT, Prima LX 4928.S HRT, Prima LX 4028.S SR, Prima LX 4028.S HR, Prima LX 2523.T and Prima LX 3123.T. In tippers, Tata Motors launched four new models - Prima LX 2523.K, Prima LX 2528.K, Prima LX 3123.K and Prima LX 3128.K, all of which have different combinations of drivelines and load bodies, deployed across all possible applications.

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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