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M&M speeds up on selling 10,000 tractors in USA in FY13

17 Apr 2013 Evaluate

Mahindra & Mahindra (M&M) is currently trading at Rs 849.65, up by 4.10 points or 0.48% from its previous closing of Rs 845.55 on the BSE.

The scrip opened at Rs 844.85 and has touched a high and low of Rs 854.15 and Rs 844.85 respectively. So far 13385 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 855.00 and Rs 809.00 respectively. The current market cap of the company is Rs 52265.11 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’s (M&M) - Mahindra USA (MUSA), reported 30% growth in retail sales in the United States of America for FY13 selling more than 10,000 tractors. The wholesale numbers for the last fiscal grew by 7%. The tractor manufacturer closed the fiscal year with record billings and record retail sales, gaining over 2% points, delivering its highest ever market share in the US.

The company was ranked No. 2 in the 2013 North American Equipment Dealers Association (NAEDA) Annual Dealer / Manufacturer Relations Survey for Overall Satisfaction, indicating a high degree of customer satisfaction. NAEDA is the apex dealer association in the USA. MUSA is also the No. 3 tractor manufacturer in the USA in the Under 80 HP category.

In FY-2013, MUSA opened its Northeast Authorized Distribution Center to serve and support the Northeast USA and Canada and launched mCRD (Mahindra Common Rail Diesel) Tier IV powered tractor models and mFORCE and mPOWER higher horsepower tractor models. During the year, Mahindra USA or MUSA also recruited 79 new dealers with the channel strength expanding to over 400 locations

Mahindra & Mahindra Share Price

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