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08-Dec2017

Tata Motors gains with arm launching 'Range Rover Velar' in India

Tata Motors is currently trading at Rs. 407.70, up by 5.55 points or 1.38% from its previous closing of Rs. 402.15 on the BSE.

The scrip opened at Rs. 406.75 and has touched a high and low of Rs. 408.50 and Rs. 406.50 respectively. So far 30,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 553.00 on 27-Jan-2017 and a 52 week low of Rs. 357.95 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 411.00 and Rs. 395.00 respectively. The current market cap of the company is Rs. 1,17,774.00 crore.

The promoters holding in the company stood at 36.37%, while Institutions and Non-Institutions held 37.88% and 8.94% respectively.

Tata Motors' subsidiary -- Jaguar Land Rover (JLR) launched its latest SUV model, Range Rover Velar in India priced between Rs 78.83 lakh and Rs 1.38 crore (ex- showroom Delhi). The company will start deliveries of the model by end of January 2018.

The new model will be available in three engine options of 2-litre petrol, 2-litre diesel and 3-litre diesel. The 2-litre engine variant in both petrol and diesel options are priced between Rs 78.83 lakh and Rs 91.86 lakh; while the 3-litre diesel variant is tagged at a price ranging from Rs 1.1-1.38 crore (all prices ex-showroom Delhi).

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.



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