Tata Motors’ share price was climbing on Wednesday after the firm bagged a massive order for the supply of buses in Utter Pradesh.
What Happened: Tata Motors said on Tuesday it had secured a substantial order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) for the supply of 1,350 bus chassis. The order, awarded through a competitive e-bidding process, will see the phased delivery of bus chassis, Tata Motors said in a press release.
Expressing gratitude to the Uttar Pradesh State Government and UPSRTC, Rohit Srivastava, vice president and business head – CV passengers, Tata Motors, highlighted the company’s commitment to enhancing public transport effectiveness.
The Tata LPO 1618, known for its robust build, quality engineering, and low maintenance, is designed for optimal total cost of operations and high uptime, the company said.
It added that the model, tailored for intercity and long-distance travel, complies with BS6 emission protocols and ensures superior performance, passenger comfort and best-in-class total cost of ownership (TCO).
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Tata Motors, a part of the Tata Group, has supplied over 58,000 buses to various state and public transport undertakings.
Price Action: Tata Motors’ share price was up 1.09% at ₹727.40 near the start of trade on Wednesday.
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