Located in Mumbai, India, Tata Motors Limited is a multinational automobile manufacturer that is a member of the Tata Group. The company, which has South Korean Tata Daewoo and British Jaguar Land Rover as subsidiaries, produces automobiles, trucks, vans, and buses.
This latest order for the LPO 1618 chassis was secured through a competitive e-bidding process, and the delivery of the bus chassis will occur in stages, following mutually agreed terms.
The Tata LPO 1618 diesel bus chassis is specifically designed for intercity and long-distance travel, and these chassis are recognised for their excellent performance, passenger comfort, and low total cost of ownership (TCO).
Anand S, the Vice President and Head of the Commercial Passenger Vehicle division at Tata Motors, expressed gratitude to the Uttar Pradesh Government and UPSRTC for the opportunity to provide a modern fleet of bus chassis. He stated that this order serves as a significant endorsement of their dedication to offering top-tier mobility solutions.
Their consistent performance and capability to adapt to UPSRTC’s changing transportation demands reflect their technological expertise and dependability within the public transport sector. They anticipate starting supplies in accordance with UPSRTC’s directives.
Tata Motors Got 3rd Order From UPSRTC
Tata Motors has announced that the Uttar Pradesh State Road Transport Corporation (UPSRTC) has placed its third order this year for 1,297 bus chassis, bringing the total number of units ordered to over 3,500.
In the second quarter of FY25, Tata Motors reported consolidated revenues of ₹101,450 crore, experiencing a year-on-year decline of 3.5%, while net profit fell by 11% to ₹3,343 crore, which was below expectations.
Today, the share of Tata Motors Ltd. was trading at ₹758.75 at 1:02 PM on the NSE, and it is currently down more than 2%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 18, 2024, 2:36 PM IST
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