Tata Motors Passenger Vehicles Ltd.

Tata Motors is currently trading at Rs 290.75, up by 2.10 points or 0.73% from its previous closing of Rs 288.65 on the BSE.

The scrip opened at Rs 288.20 and has touched a high and low of Rs 292.25 and Rs 285.40 respectively. So far 458154 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 202.95 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs 301.00 and Rs 280.90 respectively. The current market cap of the company is Rs 78041.76 crore.

The promoters holding in the company stood at 34.72 % while Institutions and Non-Institutions held 40.51 % and 8.10 % respectively.

Tata Motors’ global arm - Jaguar Land Rover (JLR) is reportedly planning to manufacture vehicles from scratch in India. At present, JLR assembles some cars in India with parts shipped from Britain and now it plans to manufacture the whole car in India, which will make it cheaper. Further this move will also help save on government import taxes and labor costs.

The British luxury car maker’s sales of Jaguar and Land Rover models have been key growth drivers for Tata Motors, part of the sprawling salt-to-steel Tata Group, in recent quarters. In the last year, Indian car sales have slowed down because of high borrowing costs, costly fuel and rises in prices due to increased raw material costs.