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Tata Motors Limited ( (IN:TATAMOTORS) ) has issued an update.
Tata Motors Limited, along with its subsidiaries, has announced the acquisition of a 26% equity stake in two special purpose vehicles, TP Paarthav Limited and TP Marigold Limited, both subsidiaries of Tata Power Renewable Energy Ltd. This strategic move aims to optimize Tata Motors’ power costs and reduce its carbon footprint by integrating cost-effective renewable energy solutions, thereby strengthening its position in the power sector and aligning with sustainable energy goals.
More about Tata Motors Limited
Tata Motors Limited is a prominent player in the automotive industry, primarily engaged in the manufacturing of passenger vehicles, commercial vehicles, and electric mobility solutions. The company is focused on expanding its market presence and enhancing its product offerings in the automotive sector.
Average Trading Volume: 907,983
Technical Sentiment Signal: Buy
Current Market Cap: 2547.2B INR
For an in-depth examination of TATAMOTORS stock, go to TipRanks’ Overview page.