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Tata Motors bags orders for 928 buses under JnNURM scheme

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Tata Motors Tuesday said it has received another order to supply 928 Tata Marcopolo built buses to the State Transport Authorities in South India. The order comprises 487 units bagged from Karnataka (Karnataka State Road Transport Corporation), 40 units from Puducherry (Pondicherry Road Transport Corporation), 97 from Kerala (Kerala State Road Transport Corporation) and 304 from North East Karnataka region (North Eastern Karnataka Road Transport Corporation), Tata Motors said in a press release.

These are part of the 2700 orders bagged by Tata Motors, for Tata ‘URBAN’ buses under JnNURM – II scheme, it added. The company said the ‘URBAN’ buses from Tata Motors with a smart new front fascia, have been designed for safety, comfort and convenience of passengers and better operating efficiency for State Transport Authorities. It said these buses are fitted with CCTV cameras that can record every movement inside the bus, adding that wider passage-way for free movement, wider window panes for better visibility along with wider and lower entry/exit doors make these new buses “safe and convenient for commuters to enjoy public transportation”.

Stating that these buses also enhance the operational efficiency for State Transport Units (STU’s), the release said they are compatible to hook-up with a central control room server. This enables an operator to monitor the performance of each bus in terms of number of trips, off-road position and adherence to pre-scheduled maintenance by monitoring real-time health of the bus through OBD (on-board diagnostics). Tata Motors stock price On October 14, 2014, at 15:40 hrs Tata Motors was quoting at Rs 488.20, down Rs 8.15, or 1.64 percent. The 52-week high of the share was Rs 544.50 and the 52-week low was Rs 331.05. The company’s trailing 12-month (TTM) EPS was at Rs 0.08 per share as per the quarter ended June 2014. The stock’s price-to-earnings (P/E) ratio was 6102.5. The latest book value of the company is Rs 59.58 per share. At current value, the price-to-book value of the company is 8.19.

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