Tata Motors shares in focus after an order win from UPSRTC; check details 

The company received the order following a competitive e-bidding process, Tata Motors said in a statement.

The bus chassis will be supplied in a phased manner as per mutually agreed terms, it added.

"The Tata LPO 1618 bus chassis is engineered to deliver robust and reliable mobility with high uptime and low maintenance and operating costs. We look forward to commencing supplies as per the guidance of UPSRTC," Tata Motors Head Commercial Passenger Vehicle Business Anand S said.

The latest order follows the successful fulfillment of a similar, larger order of 1,350 bus chassis received last year, which are currently running efficiently by the UPSRTC, PTI reported, quoting the company as saying. 

Tata Motors shares have rallied 40% in the past 12 months and 14% on a year-to-date (YTD) basis. 

Earlier in October, Tata Motors reported an 11% decline in group wholesales, including Jaguar Land Rover, at 3,04,189 units in the second quarter of the ongoing fiscal as compared to the same period last year.

Global wholesales of Tata Motors passenger vehicles in Q2 FY25 were at 1,30,753 units, lower by 6% as compared to Q2 FY24, the company said in a statement.

Tata Motors said global wholesales of its all commercial vehicles and Tata Daewoo range in Q2 FY25 were at 86,133 units, lower by 19% as compared to Q2 FY24.

In August this year, Tata Motors said it remains confident about the long-term prospects of the electric vehicle segment and termed the fall in sales numbers a "short-term" issue.

In an interaction with PTI at the launch of the company's first mid-sized electric SUV, Curvv.ev, at a starting price of Rs 17.49 lakh (with 45 kWh battery), Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicle and Tata Passenger Electric, said that the company is looking to achieve one lakh electric vehicle sales this financial year.