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Shares of Tata Motors climbed as much as 7 per cent as the company has won the first contract to supply electric vehicles to replace petrol and diesel cars used by the government and its departments as part of a plan to cut demand for fossil fuels and reduce carbon emissions.
The company has received an order to supply 10,000 electric cars to the state-run Energy Efficiency Services Ltd.
The auto major shares opened at Rs 428.25, touched a high of Rs 428.25 and a low of Rs 417.20. The company shares ended higher by 3.78 per cent at Rs 416.40 on the BSE. On the NSE, the stock closed up by 3.61 per cent at Rs 416.
Tata Motors has posted a 25 per cent increase in September domestic vehicle sales.
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