Tata Motors Passenger Vehicles Ltd.

BSE: 500570 | NSE: TMPV
Large Cap | Automobiles - Passenger Cars
360.15
3.70 (1.04%)
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Tata Motors shines on plan to hike prices of passenger vehicles by about 1%

Date: 10-12-2013

Tata Motors is currently trading at Rs. 394.00, up by 1.05 points or 0.27% from its previous closing of Rs. 392.75 on the BSE.

The scrip opened at Rs. 394.80 and has touched a high and low of Rs. 396.25 and Rs. 388.00 respectively. So far 2, 52,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 405.00 on 28-Nov-2013 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. 403.50 and Rs. 386.00 respectively. The current market cap of the company is Rs. 1,06,119 crore.

The promoters holding in the company stood at 34.33% while Institutions and Non-Institutions held 38.42% and 7.51% respectively.

Tata Motors, the country’s leading auto major plans to hike prices of its passenger vehicles by about 1 percent from next month, joining the likes of Mercedes, BMW, Audi and Honda. The company is currently reviewing the market situation with regards to its commercial vehicle business for a similar step and will take a call later.

Besides, Maruti Suzuki is also planning to hike prices of its products from next month. The company will increase vehicle prices as input costs have been going up.

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.