Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
335.80
4.00 (1.21%)
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Tata Motors gains on entering into strategic agreement with Microsoft India

Date: 17-02-2017

Tata Motors is currently trading at Rs. 446.45, up by 0.55 points or 0.12% from its previous closing of Rs. 445.90 on the BSE.

The scrip opened at Rs. 448.90 and has touched a high and low of Rs. 450.50 and Rs. 446.35 respectively. So far 32,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 598.60 on 07-Sep-2016 and a 52 week low of Rs. 290.45 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 513.00 and Rs. 435.00 respectively. The current market cap of the company is Rs. 1,28,333.00 crore.

The promoters holding in the company stood at 34.73%, while Institutions and Non-Institutions held 39.04% and 8.11% respectively.

Tata Motors has entered into a strategic agreement with Microsoft India to redefine connected and personalized driving experiences for Indian customers. The company will leverage Microsoft’s connected vehicle technologies that bring together artificial intelligence (AI), advanced machine learning, and the Internet of Things (IoT) capabilities on the global hyper-scale Azure cloud, to traverse the digital and physical worlds and create a highly personalized, smart and safer driving experience across the digital life of a vehicle owner.

The first vehicle showcasing the vision for these enhanced driving experiences will be unveiled at the 87th Geneva International Motor Show on March 07, 2017. This will be through Tata Motors’ unique user interface application and services suite utilizing Microsoft enabled functionality like advanced navigation, predictive maintenance, telematics and remote monitoring features.

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.