Mumbai, January 9: (Udaipur Kiran). Shares of Tata Motors Ltd moved higher on Friday after the company announced that its wholly owned subsidiary has acquired a 26 percent equity stake in Traveltime E-Mobility Chennai Pvt Ltd (TECPL).
The stock was trading at ₹437.00 on the BSE, up ₹1.80 or 0.41 percent from its previous close of ₹435.20. It opened at ₹429.45 and touched an intraday high of ₹446.05 and a low of ₹427.90. A total of 9,87,519 shares were traded during the session.
The BSE Group ‘B’ stock, with a face value of ₹2, has recorded a 52-week high of ₹447.90 on January 2, 2026, and a 52-week low of ₹306.00 on November 14, 2025. Over the past one week, the scrip moved in the range of ₹422.50 to ₹446.05. The company’s current market capitalisation stands at ₹1,60,917.88 crore. Promoters hold a 42.56 percent stake, while institutional and non-institutional investors hold 34.09 percent and 23.35 percent respectively.
Tata Motors said its wholly owned subsidiary, TML Smart City Mobility Solutions Ltd (TSCMSL), has acquired a 26 percent equity stake in Traveltime E-Mobility Chennai Pvt Ltd. The acquisition involves 35,135 equity shares of ₹10 each at par, at a total cost of ₹3,51,350. Following the transaction, TECPL has become an associate company of Tata Motors. The acquisition is expected to be completed by January 31, 2026.
The company said that through its subsidiary it participates in tenders issued by various municipal corporations for operation and maintenance of electric buses. Since TECPL has secured the tender for operation and maintenance of electric buses under the Municipal Corporation of Chennai, the investment aligns with the company’s BUSINESS objectives.
Tata Motors, formerly known as TML Commercial Vehicles, is India’s largest and globally recognised manufacturer of utility vehicles, pick-ups, trucks and buses, with a focus on delivering value to customers across markets.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.