Tata Motors inches up after opening the bookings of Altroz iCNG!

Tata Motors inches up after opening the bookings of Altroz iCNG!

by 5paisa Research Team Last Updated: Apr 19, 2023 - 04:31 pm 235 Views

shares of the company gained more than 13% in a month.        

India’s first twin-cylinder CNG technology 

Tata Motors has opened bookings of the Altroz iCNG, India’s first twin-cylinder CNG technology. Tata Altroz, which is India’s safest premium hatchback is open for bookings in its much-awaited iCNG avatar, from April 19, 2023. With this vehicle, Tata Motors aims at increasing the acceptance of CNG cars in India, similar to petrol and diesel cars. 

The Altroz iCNG was unveiled at the Auto Expo 2023 in January 2023 and it received a tremendous response from the customer for being India’s first twin-cylinder CNG technology - a revolutionary technology bringing practical usable boot space to CNG owners, a feature that is unavailable in all current CNG cars. Customers can now book the Altroz iCNG at Rs 21,000. With deliveries commencing in May 2023, the Altroz iCNG is a strong testament to Tata Motors’ successful multi-powertrain strategy, making it the fourth powertrain option in the Altroz range now. 

Tata Motors has also launched the new Nexon EV in its DARK avatar. Extending the uber chic DARK range, the new Nexon EV MAX DARK will be available in two trims: XZ+ LUX (priced at Rs 19.04 lakh, ex-showroom, All India) and XZ+ LUX with a 7.2 kW AC fast charger for the customers across the country (priced at Rs 19.54 lakh, ex-showroom, All India).  

Share price movement of Tata Motor Limited         

Today, the stock opened at Rs 472.95, with a high and low of Rs 475.60 and Rs 471.35. Currently, the stock is trading at Rs 472, up by 0.20%. 

The stock has a 52-week high of Rs 494.50 and a 52-week low of Rs 366.05. The company has a market capitalisation of Rs 1,56,771.22 crore.    

Company profile        

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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