Built on the company's Agile Light Flexible Advanced Architecture, Punch would sit below Nexon in the company's product line-up.
Shares of Tata Motors jumped over 19 per cent after the company said it will raise USD 1 billion in its passenger EV business from TPG Rise Climate at a valuation of up to USD 9.1 billion.
First round of capital infusion to be completed by March 2022 and the entire funds will be infused by the end of 2022
After a sharp fall in July 2021 due to chip shortage faced by Jaguar Land Rover, Tata Motors’ share is back with a bang on the stock exchanges.
Punch will be a new entry point to Tata’s SUV range with prices expected to range between Rs 5.50 lakh and Rs 8 lakh.
The company plans to launch the model on October 20, and has commenced bookings on its website and sales network across the country for Rs 21,000.
The city-headquartered vehicle maker had commenced Altroz production at the fag-end of November 2019. It launched the vehicle in January 2020.
Tata Motors had entered the electric vehicle space with Tigor EV as a fleet offering, and expanded to the personal segment with the launch of Nexon EV in January 2020.
Tata Motors is the country's largest manufacturer of commercial vehicles which includes trucks, buses and light commercial vehicles.
The showrooms will be home to the company's 'New Forever' range of passenger vehicles, including its electric vehicles portfolio.
Sequentially, MSIL witnessed a bigger slump of over 22% as it had sold 1,36,500 units in July 2021.
In volume terms, 28.55 lakh shares were traded at the BSE and over 3.31 crore shares at the NSE during the day.
The new Tigor EV is available in three variants: XE, XM, XZ+ (XZ+ Dual Tone option available), which come with an 8 year and 160,000 KM battery and motor warranty for the EV owners.
Young and talented Indian wrestlers would gain assured and enhanced access to world-class training facilities, internationally reputed coaches and support through a rich nutritional programme.
It was also announced that apart from the scholarships to 60 juniors, 30 talented wrestlers, to be identified by the WFI, will be adopted by Tata Motors.