Tata Motors has set a new high today, with a trading high at 523.85 and a current valuation of over ₹68,000 crores, according to sources.
Tata Motors plans to introduce new electric vehicles. The Tata Nexon EV is a huge success. Tata Altroz EV is set to launch this December. In both the petrol and diesel sectors, Tata Altroz is already a popular vehicle. I think the company has successfully convinced customers and investors of the EV ecosystem’s growth in India. The stock is on a bull run, having returned more than 220% in the last year. We can assume how ambitious investors will be after the recent news.
Today was the Tata Motor show, after all.
Given the fact increasing fuel prices in India, everyone purchasing a two-wheeler or four-wheeler will think of electric vehicles. I believe the Indian automotive industry is expecting a major disruption. With all of the government initiatives to adopt the use of electric vehicles in India.
Everyone, please share your views on Tata Motors or any other auto stocks that have huge potential for growth in the EV category.