M&M rises on manufacturing e-SUV `XUV400` in water-positive Nashik facility
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Mahindra & Mahindra is currently trading at Rs. 1212.50, up by 7.55 points or 0.63% from its previous closing of Rs. 1204.95 on the BSE.
The scrip opened at Rs. 1211.00 and has touched a high and low of Rs. 1214.75 and Rs. 1204.00 respectively. So far 19280 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1396.00 on 16-Feb-2023 and a 52 week low of Rs. 854.45 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 1222.00 and Rs. 1199.10 respectively. The current market cap of the company is Rs. 150728.13 crore.
The promoters holding in the company stood at 19.39%, while Institutions and Non-Institutions held 66.96% and 13.65% respectively.
Mahindra & Mahindra (M&M) has manufactured its electric SUV ‘XUV400’ in a 100% water-positive facility in Nashik, Maharashtra, using only renewable energy. The energy saved in the making of these vehicles can illuminate more than 1000 homes for a year and is equivalent to planting of 1 lakh trees.
The water positive manufacturing set-up saves more than 20,000 kilolitres of water and can provide water for 100 homes in a year. The XUV400 is already the fastest booked electric SUV in India which saw 15000 bookings in just 3 days. Mahindra also announced that by 2027, between 20 to 30 percent of its passenger vehicles will be Electric.
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.
