Tata Motors gains 2.6% on Nano launch announcement
MUMBAI: Shares of Tata Motors rose on Thursday on reports that the company would be launching its most awaited low-cost car Nano later in March. Tata Motors said the Tata Nano will be launched in Mumbai on March 23. The car drew global attention for being the cheapest at around Rs 100,000.
“The car will be on display at Tata Motors dealerships from the first week of April. Bookings will commence from the second week of April,” the statement said.
At 12:45 pm, Tata Motors shares were up 2.61 per cent at Rs 143.50 on the BSE. Volumes were higher at 797,206 shares against 2-week average of 507,642 shares. The stock touched an intra-day high of Rs 144.40 and low of Rs 138.60 in trade so far.
source: Economictimes
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