Tata Motors shares up nearly 3% on unveiling of two new models

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Tata Motors' scrip ended the day 2.76 per cent higher at Rs 345.90 on the BSE. PTI Tata Motors' scrip ended the day 2.76 per cent higher at Rs 345.90 on the BSE. PTI
SummaryTata Motors' shares ended the day 2.76 per cent higher at Rs 345.90 on the BSE.

Shares of Tata Motors today gained nearly 3 per cent after the auto major unveiled two new models which it plans to start selling in the second half of the year.

Tata Motors' scrip ended the day 2.76 per cent higher at Rs 345.90 on the BSE. In intra-day trade, the stock had gained 3 per cent to Rs 346.90.

At the NSE, the scrip rose 2.88 per cent to settle at Rs 346.10.

On the volume front, 10.28 lakh shares of the company changed hands on the BSE, while over one crore shares were traded at the NSE during the day.

The cars -- Zest, a compact sedan, and Bolt, a hatchback -- will be powered by the company's new Revotron engine series.

These two new products are based on the company's enhanced X1 platform, on which the existing Vista and Manza models are built.

Both the new cars have been a result of collaborative design inputs from the three Tata Motors design studios in Pune, Coventry (UK) and Turin (Italy), the company said.

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