Tata Motors Passenger Vehicles Ltd.

Tata Motors is currently trading at Rs. 299.35, up by 1.85 points or 0.62% from its previous closing of Rs. 297.50 on the BSE.

The scrip opened at Rs. 297.50 and has touched a high and low of Rs. 299.70 and Rs. 295.05 respectively. So far 2, 80,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 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. 301.55 and Rs. 281.10 respectively. The current market cap of the company is Rs. 81,919 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, has marked its foray into Australia, under a new independent distributor, Fusion Automotive. The latter will have exclusively marketing and distribution of the Tata Motors brand in Australia. Through Fusion Automotive, the company will introduce a range of light commercial vehicles, in both the 4x2, 4x4, single and crew-cab variants, with Euro V Turbo diesel engines.

Fusion Automotive plans to appoint dealers across Australia with the estimated size of the dealer network being at 13 by the end of the year. There are further plans that Fusion Automotive will be expanding the network across Victoria, New South Wales, Queensland, South Australia, and Western Australia over the next 12 months to about 25 dealers.