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Mahindra & Mahindra rises as its electric car arm launches premium variant of e2o

Mahindra & Mahindra Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 500520 | NSE: M&M

21 Aug 2014 Evaluate

Mahindra & Mahindra is currently trading at Rs. 1369.15, up by 11.20 points or 0.82% from its previous closing of Rs. 1357.95 on the BSE.

The scrip opened at Rs. 1355.00 and has touched a high and low of Rs. 1378.60 and Rs. 1355.00 respectively. So far 18847 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1380.30 on 20-Aug-2014 and a 52 week low of Rs. 741.50 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1380.30 and Rs. 1311.30 respectively. The current market cap of the company is Rs. 84503.51 crore.

The promoters holding in the company stood at 25.25% while Institutions and Non-Institutions held 54.76% and 14.91% respectively.

Mahindra & Mahindra (M&M), - subsidiary - Mahindra Reva, India’s electric vehicle pioneer, has launched a new premium variant of the e2o with an extended range of 120 km and electric power steering. In Gujarat, the Premium variant of e2o will cost Rs 8.06 lakh (base model), while in Delhi it will cost Rs 5.72 lakh, besides a monthly energy fee of Rs 2,999 which will allow the customer to drive 50,000 km for a period of five years.

Meanwhile, the company has introduced an innovative ownership scheme called ‘Goodbye Fuel, Hello Electric’ for its automatic electric car, the e2o. The programme separates the initial acquisition cost of the e2o and the usage cost (in the form of battery and maintenance) to make the e2o more affordable.

Mahindra & Mahindra (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.

Mahindra & Mahindra Share Price

3199.35 -22.00 (-0.68%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	360.15
Maruti Suzuki	13452.25
Mahindra & Mahindra	3199.35
Hyundai Motor India	1901.25
Mercury Metals	35.39
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Mahindra & Mahindra rises as its electric car arm launches premium variant of e2o

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