There would hardly be anyone in India who would not know about Tata Motors. Tata Motors is named among India’s most reliable and advanced technology vehicle manufacturing companies. In such a situation, there is great news for the people investing in Tata Motors, there will be a jump in Tata Motors Share Price. Tata Motors has received an order to manufacture 1,297 bus chassis from Uttar Pradesh State Road Transport Corporation (UPSRTC).
This is the third largest order received by the company this year. There is a wave of happiness among investors after hearing this news. So let’s know about this new order in today’s blog post!
UPSRTC gave big order to Tata Motors
UPSRTC to Tata Motors Order placed for manufacturing of 1,297 LPO 1618 model bus chassis Is. This order has been received through e-bidding process. However, before this, orders for 1,350 chassis in December 2023 and 1,000 chassis in October 2024 have been received. In such a situation, a total order of more than 3,500 bus chassis is placed. The company will fulfill these orders in a phased manner.
Features of LPO 1618 bus chassis
The specialty of the LPO 1618 bus chassis is that it is designed for long distance and intercity journeys. It comes with superior performance and advanced suspension system, making long distance journeys a comfortable ride. LPO 1618 bus chassis is quite durable and low cost with low maintenance, due to which this model is quite popular among state transport corporations and owners.
Also Read: Tata Electric Scooter 2024 launched with 170 km range, shock to Ola and TVS
Tata Motors statement
Coming as the third largest order this year, Anand S, Vice President, Tata Motors, said the order is a testament to the quality and technical capability of his company. We will fulfill the orders of UPSRTC and are bound to fulfill all the needs in future also.
Tata Motors Share Update
This order of UPSRTC can affect Tata Motors Share Price. However, in the last 6 months Tata Motors Share Price 20% A decline has been observed. It has given returns of 346.60% in the last 5 years. Currently its highest level is ₹1,179.05, while recently it was trading in the range of ₹780-₹800.
Due to this order received from UPSRTC, Tata Motors Share Price will be significantly affected. This order will increase the company’s income and further strengthen its confidence. Investors hope that after stability its price will rise
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