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Indian-Commodity  :  Equity & Shares  :  Tata Motors shines as its arm Jaguar Land Rover starts work on China plant

Tata Motors shines as its arm Jaguar Land Rover starts work on China plant (19-Nov-2012)

Tata Motors is currently trading at Rs. 265.55, up by 0.50 points or 0.19% from its previous closing of Rs. 265.05 on the BSE.

The scrip opened at Rs. 265.05 and has touched a high and low of Rs. 267.15 and Rs. 262.00 respectively. So far 3, 96,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 320.60 on 20-Apr-2012 and a 52 week low of Rs. 160.20 on 21-Nov-2011.

Last one week high and low of the scrip stood at Rs. 283.90 and Rs. 262.00 respectively. The current market cap of the company is Rs. 71,900 crore.

The promoters holding in the company stood at 34.74% while Institutions and Non-Institutions held 40.38% and 8.47% respectively.

Tata Motors's wholly owned subsidiary Jaguar Land Rover and Chinese car maker Chery Automobile Company have started setting up a new manufacturing facility in China under the equal partnership, called Chery Jaguar Land Rover Automotive Company. Both the companies have received Chinese government approval for the same.

Chery Jaguar Land Rover Automotive will manufacture Jaguar Land Rover vehicles and new models for a partnership brand in China. Both the companies are planning to build a joint venture manufacturing plant in Changshu, near Shanghai, as part of a 10.9 billion RMB investment that will include a new research and development centre and engine facility for production of fuel efficient engines. The two companies plan to complete the Changshu facility in Jiangsu province during 2014.


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