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Tata Motors Bags Order For 50 Magna Buses From Vijayanand Travels

23 May 20233 mins read by Angel One
Tata Motors Bags Order For 50 Magna Buses From Vijayanand Travels
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On Tuesday, the shares of Tata Motors closed at Rs 528.50, 1.18% up from its previous closing of Rs 522.35 on the BSE.  

Tata Motors has bagged a prestigious order for 50 Magna 13.5-metre buses from Vijayanand Travels. The state-of-the-art Magna buses, known for their superior design and advanced features, will be delivered to Vijayanand Travels in a phased manner, in accordance with the agreed contract terms. These fully built BS6 diesel buses are set to redefine the standards of comfort, fuel efficiency and reliability in the inter-city transportation sector.   

The 13.5-metre Tata Motors Magna bus is equipped with the futuristic Cummins 6-cylinder engine which delivers exceptional performance. ABS and anti-roll bar provide passengers with total peace of mind while the parabolic leaf-spring and rear air suspension guarantee superior comfort throughout the journey. The bus is equipped with advanced technological amenities like a gear shift advisor and Tata Motors’ Fleet Edge connectivity system. Tata Motors is committed to quality as well as, unparalleled passenger comfort, exceptional fuel efficiency and economical total cost of ownership. Tata Motors Magna bus comes with a warranty of 4 years / 4 lakh kilometres.  

Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, the company offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles to the world. It has operations in India, the UK, South Korea, South Africa, China, Brazil, Austria and Slovakia through a strong global network of subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar Land Rover in the UK and Tata Daewoo in South Korea.  

Today, the scrip opened at Rs 521.55 and touched a high and low of Rs 531.00 and Rs. 521.30 respectively.  

The BSE group ‘A’ stock of face value Rs 2 has touched a 52-week high and low of Rs 537.15 and Rs 375.50, respectively.  

Last one week high and low of the scrip stood at Rs 531.00 and Rs 504.75 respectively. The current market cap of the company is Rs 1,75,537.27 crore.  

The promoters holding in the company stood at 46.39%, while Institutions and Non-Institutions held 33.17% and 18.86% respectively.  

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