Tata Motors all set to unveil its 2nd electric car ‘Tata Tigor EV’ today; stock trading weak – check details here

The auto major Tata Motors is all set to unveil its second electric vehicle ‘Tata Tigor EV’ in India on Wednesday (August 18). Nexon EV was the first EV introduced by the company in the passenger vehicle segment.

The company on August 16 made an announcement of launch through its Twitter handle – Tata Motors Electric Mobility. It said in a tweet, “The future is electric. And the future is here. Join us on the 18th of August at 11 a.m. on YouTube and Facebook as we unveil the all-new Tigor EV.”

See Zee Business Live TV Streaming Below:

Meanwhile, before its launch, the company also tweeted teasing its followers, “1 day to go! The all-new Tigor EV is geared up to be everything you hoped for!”

The new EV is powered by Ziptron technology, says the company, tweeting further that “from -15 degrees to over 50 degrees, our comfort zone is bigger than most.” The car is built with efficient liquid-cooled power electronics.

The future is electric. And the future is here. Join us on the 18th of August at 11 a.m. on YouTube and Facebook as we unveil the all new Tigor EV.

Set a reminder for the media reveal through the link below:

YouTube: https://t.co/9gIoym5BRo

Facebook: https://t.co/TRcJ1fzxGn pic.twitter.com/JlXrTqtYmM

— Tata Motors Electric Mobility (@TatamotorsEV) August 16, 2021

Talking about the Ziptron technology, it offers a permanent magnet AC motor paired with a lithium-ion battery, which is dustproof and waterproof, and meets IP67 standards. 

Ziptron is Tata Motors patented technology also used in Nexon EV and will underpin all its electric cars in the passenger vehicle segments.

The auto major is likely to reveal Tata Tigor EV’s specifications and features during its launch today.

Ahead of its launch the shares of Tata Motors have been trading weak. However, they recovered almost after an hour of the session to trade flat but with a negative bias to Rs 297 per share on the BSE, as compared to a 0.5 per cent rise in the S&P BSE Sensex on Wednesday.

The scrip has touched Rs 360.65 per share as its 52-week high on June 15, 2021. The stock has been declining since it revealed in its June quarter update that semi-conductor chip shortage issue may lead to negative EBIT of its UK-arm Jaguar and Land Rover.