M&M edges higher on starting work on new platform for a bigger electric vehicle

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

08 Apr 2013 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs 842.60, up by 4.80 points or 0.57% from its previous closing of Rs 837.80 on the BSE.

The scrip opened at Rs 839.00 and has touched a high and low of Rs 848.15 and Rs 832.15 respectively. So far 6494 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 974.80 on 10-Jan-2013 and a 52 week low of Rs 621.75 on 18-May-2012.

Last one week high and low of the scrip stood at Rs 867.00 and Rs 831.20 respectively. The current market cap of the company is Rs 51777.00 crore.

The promoters holding in the company stood at 25.30% while Institutions and Non-Institutions held 49.26% and 19.99% respectively.

Mahindra & Mahindra, country’s largest utility vehicle maker has started work on a new platform for a bigger electric vehicle that could even be used by its Korean subsidiary SsangYong Motor. The company is planning to invest about Rs 150 crore to develop electric versions of its three existing vehicles - Gio, Maxximo and Verito. Automaker is waiting for support from the central government for pushing eco-friendly vehicle, so that it can extend the electric mobility technology to its two-wheelers.

Recently, the auto major had successfully launched its first electric car e2o. The entity has begun with the design and development work of the proposed platform at its electric car division Mahindra Reva’s Bangalore centre. The company had spent a total of Rs 100 crore on the development of e2o and construction of a manufacturing plant with an annual capacity of 30,000 units a year.

Mahindra & Mahindra Share Price

3329.50 -41.00 (-1.22%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	355.35
Maruti Suzuki	13725.40
Mahindra & Mahindra	3329.50
Hyundai Motor India	1852.45
Mercury Metals	30.94
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