Mahindra & Mahindra rides high on partnering with SARGA MotoCorp

Mahindra & Mahindra is currently trading at Rs. 1550.95, up by 12.25 points or 0.80% from its previous closing of Rs. 1538.70 on the BSE.

The scrip opened at Rs. 1539.00 and has touched a high and low of Rs. 1552.50 and Rs. 1535.05 respectively. So far 18380 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1594.85 on 13-Jul-2023 and a 52 week low of Rs. 1124.00 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1582.00 and Rs. 1531.35 respectively. The current market cap of the company is Rs. 192765.62 crore.

The promoters holding in the company stood at 19.37%, while Institutions and Non-Institutions held 67.08% and 13.55% respectively.

Mahindra & Mahindra (M&M) has partnered with SARGA MotoCorp to bolster its farm equipment business in Tanzania. With a presence in the country since 2008, Mahindra is an established brand with a comprehensive range of tractors and farm machinery, across the complete agri machinery value chain. A reputed company with global business operations, SARGA MotoCorp will bring its Automotive Industry expertise and market knowledge to provide the best sales and after-sales experience to farmers in Tanzania.

As part of the partnership, Sarga MotoCorp has established a prominent flagship showroom spanning approximately 300 square meters on Nyerere Road in Dar es Salaam, while also setting up an 800 square meter warehouse and workshop at the same location. To ensure exceptional customer experience, Sarga MotoCorp will also onboard over twenty-five Mahindra Certified Service Points (MCSP) and three spare part dealers throughout Tanzania to ensure availability of high-quality and reliable parts and services.

Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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