Tata Motors Limited witnessed a surge of over 3 percent in its shares on February 16 afternoon, following the announcement of the commercial launch of its multipurpose heavy-duty trucks in South Africa.
According to a press release by the automobile major, the newly launched trucks boast features such as a walk-through cabin, power steering, dashboard-mounted gear lever, booster-assisted clutch, and mechanically suspended seat for safe driving.
Anurag Mehrotra, Head of International Business at Tata Motors, expressed, “The launch of the latest Ultra range in South Africa marks a new landmark in freight transportation in the country. These trucks are engineered to cater to a diverse set of applications and deliver higher performance, vehicle utilization, uptime, and more revenues.”
As of 2:34 pm, Tata Motors shares were trading 2.09% higher at ₹939.80.
