08 Jun 2024

Tata Motors catches speed on launching Altroz Racer

Tata Motors is currently trading at Rs. 966.90, up by 28.75 points or 3.06% from its previous closing of Rs. 938.15 on the BSE.

The scrip opened at Rs. 940.00 and has touched a high and low of Rs. 970.00 and Rs. 935.30 respectively. So far 567674 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 557.15 on 08-Jun-2023.

Last one week high and low of the scrip stood at Rs. 970.00 and Rs. 855.45 respectively. The current market cap of the company is Rs. 319766.77 crore.

The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 35.34% and 18.30% respectively.

Tata Motors has launched Altroz Racer -- the sporty avatar of the company’s premium hatchback. The performance aspect in the Altroz goes several notches higher with the introduction of the 1.2 L Turbo petrol engine. Elevated with the race car inspired exterior and interior look coupled with a power of 120 Ps @5500 rpm and torque of 170 Nm @1750 to 4000 rpm, this sporty evolution of the Altroz promises an experience of pure exhilaration with every drive.

Furthermore, beefing up the Altroz line up, Tata Motors has also introduced two new variants (XZ LUX and XZ+S LUX) and upgraded one variant (XZ+OS) in its Altroz range. These two new additional variants will be available in a choice of petrol manual, petrol DCA, diesel and CNG powertrains.

With 2.5 lakh happy customers, the Altroz has set the benchmark for premium hatchbacks in India through its trailblazing design, intuitive features, exhilarating performance and confidence-inspiring safety. This car is a pioneer on many fronts, from being the first hatchback in India to earn the much-coveted 5 Star Global NCAP Safety rating, to the first CNG car in the country to feature twin-cylinder technology and the only hatchback that offers a host of powertrain options for its customers to choose from.

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.