Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3129.15
43.90 (1.42%)
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M&M shines as its arm partners with BIAL to set up an EV charging infrastructure

Date: 26-11-2013

M&M is currently trading at Rs. 948.65, up by 5.95 points or 0.63% from its previous closing of Rs. 942.70 on the BSE.

The scrip opened at Rs. 942.60 and has touched a high and low of Rs. 950.90 and Rs. 939.05 respectively. So far 22,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1026.45 on 20-May-2013 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. 958.40 and Rs. 929.90 respectively. The current market cap of the company is Rs. 58,472 crore.

The promoters holding in the company stood at 25.26% while Institutions and Non-Institutions held 52.43% and 17.34% respectively.

Mahindra and Mahindra (M&M), country’s major automobile maker’s business conglomerate Reva Electric Vehicles has partnered with Bangalore International Airport (BIAL) to set up an electric vehicle (EV) charging infrastructure at the Airport.  With the tie-up, BIAL will become the first Indian airport to have EV charging infrastructure in the country. The facilities are offered exclusively to Mahindra e2o customers, free of cost with an additional benefit of 20% discount on parking charges.

While 95% of the charging is done at home, Mahindra Reva has installed over 100 Charge points at convenient locations across the city. All the charging stations are strategically located and customers will have access to at least one every 5 kms.

The 100+ public EV charging stations in Bangalore include shopping malls, various State Bank of India branches, numerous automotive garages, M&M Dealerships, Mom & ME retail outlets and now BIAL.