Tata Motors Passenger Vehicles Limited
LIC increased its stake in Tata Motors Passenger Vehicles from 5.00% to 5.03% by purchasing 11,64,000 shares via a market purchase.
A global automobile manufacturer and part of the Tata conglomerate, this company designs and produces a diverse portfolio of passenger cars, utility vehicles, and commercial vehicles for domestic and international markets. The company operates integrated manufacturing facilities across multiple locations and leverages its parent group's extensive resources, expertise, and distribution networks. It competes across multiple vehicle segments with a focus on innovation, affordability, and customer accessibility.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.