Mahindra & Mahindra shines on launching all-new ‘Scorpio-N’

Mahindra & Mahindra is currently trading at Rs. 1118.00, up by 35.95 points or 3.32% from its previous closing of Rs. 1082.05 on the BSE.

Mahindra Mahindra 1
Mahindra Mahindra 1

The scrip opened at Rs. 1084.00 and has touched a high and low of Rs. 1119.65 and Rs. 1079.70 respectively. So far 56062 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 1,119.65 on 28-Jun-2022 and a 52 week low of Rs. 671.00 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 1119.65 and Rs. 972.90 respectively. The current market cap of the company is Rs. 134519.65 crore.

The promoters holding in the company stood at 19.47%, while Institutions and Non-Institutions held 66.16% and 14.37% respectively.

Mahindra & Mahindra (M&M) has launched its much-awaited SUV – the All-New ‘Scorpio-N’ – starting at Rs 11.99 lakh. Poised to take forward the ‘game-changer’ legacy of the Scorpio brand, the All-New Scorpio-N is designed, engineered and built to disrupt the SUV segment with its class-leading attributes, features and capabilities, to be acknowledged as the ‘BigDaddyOfSUVs’.

The All-New Scorpio-N is completely new ground-up, with no carryover components of the existing Scorpio.

This allows the All-New Scorpio-N to elevate existing segment benchmarks across all critical parameters: performance, capabilities, technology, sophistication, ride and handling, NVH, interiors and appearance.

Designed at Pininfarina, Italy and Mahindra India Design Studio (MIDS), Mumbai and engineered by the teams at Mahindra Research Valley (MRV) near Chennai and Mahindra North American Technical Center (MNATC) in USA, and manufactured at the state-of-the-art world-class facility at Chakan, Pune, the All-New Scorpio-N is truly a global product.

The development and engineering of the All-New Scorpio-N is the outcome of an overall investment of Rs 1,600 crore, which includes setting up a world class highly automated manufacturing line.

M&M 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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