Saturday , October 23 2021

Tata Motors shines on tying up with what3words

Tata Motors is currently trading at Rs. 123.50, up by 1.55 points or 1.27% from its previous closing of Rs. 121.95 on the BSE.

The scrip opened at Rs. 122.90 and has touched a high and low of Rs. 125.55 and Rs. 120.50 respectively. So far 2417593 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 259.65 on 18-Sep-2018 and a 52 week low of Rs. 106.00 on 04-Sep-2019.

Last one week high and low of the scrip stood at Rs. 135.30 and Rs. 120.50 respectively. The current market cap of the company is Rs. 35615.45 crore.

The promoters holding in the company stood at 38.37%, while Institutions and Non-Institutions held 35.51% and 14.96% respectively.

Tata Motors has tied up with location technology provider what3words for navigation services in its cars. The partnership will enable drivers to enter a three-word address by voice or text input and then navigate to that address.

The technology provider has taken the entire world, divided it into 3mx3m squares, and assigned each square a unique identifier – made of three random words. The what3words system is available in 36 languages, including Hindi, Bengali, Tamil, Telugu and Marathi.

Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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