Tata Motors firms up on order for buses from MMRDA

Tata Motors has won an order from MMRDA to supply 25 Tata Starbus Diesel Series Hybrid Electric buses

Shares of Tata Motors were up over 1% at Rs 364 on the Bombay Stock Exchange after the company said it has won an order from the Mumbai Metropolitan Region Development Authority for the supply 25 Tata Starbus Diesel Series Hybrid Electric buses with full low floor configuration.

With these buses, the MMRDA will connect Bandra Kurla Complex to the railway stations of Sion, Bandra and Kurla in the next one year, improving feeder services, to the fastest-growing business hub in Mumbai, the company said in a release.

The stock opened at Rs 366 and touched a high of Rs 369. At 11:40am, over 2.95 million shares were traded on both the stock exchanges.