Tata Motors stock's poor show continues after automaker delivers 100 e-buses to Assam

Tata Motors Share Price: Tata Motors shares continued their poor run for the second day in succession on Wednesday (January 3, 2023) despite supplying 100 e-buses to Assam State Transport Corporation on Tuesday.

The stock of the automaker was trading lower by 0.59 per cent, or Rs 4.60, at Rs 779.95, at 10:12 am on Wednesday. 

In a statement on Tuesday, Tata Motors said that the the 9-metre, air-conditioned Tata Ultra electric buses were indigenously built on a next-gen architecture, equipped with the latest features, and powered by advanced battery systems.

Merger

The automaker on Tuesday also announced the merger of TSR Consultants Private Limited, Registrar and Transfer Agent (RTA) of Tata Motors Limited with Link Intime India Private Limited. 

In a letter to bourses, Tata Motors said on Tuesday that it had received a communication from the RTAs vide its email dated December 30, 2023 that the RTAs has been merged with Link Intime India Private Limited effective December 22, 2023, pursuant to the Order dated December 18, 2023 passed by the Hon’ble National Company Law Tribunal, Mumbai Bench.