Mahindra & Mahindra climbs as its arm launches cargo electric three-wheeler Zor Grand
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Mahindra & Mahindra is currently trading at Rs. 1303.70, up by 26.85 points or 2.10% from its previous closing of Rs. 1276.85 on the BSE.
The scrip opened at Rs. 1283.00 and has touched a high and low of Rs. 1307.70 and Rs. 1283.00 respectively. So far 89607 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1,307.70 on 30-Aug-2022 and a 52 week low of Rs. 671.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1307.70 and Rs. 1243.40 respectively. The current market cap of the company is Rs. 162162.04 crore.
The promoters holding in the company stood at 19.45%, while Institutions and Non-Institutions held 66.94% and 13.61% respectively.
Mahindra and Mahindra's (M&M) subsidiary -- Mahindra Electric Mobility (MEML) has launched its all-new cargo electric three-wheeler – Zor Grand. The premium product from Mahindra is attractively priced starting at Rs 3.60 lakh, ex-showroom Bangalore. Mahindra has 12000+ bookings of the Zor Grand through strategic Memoranda of Understanding with leading logistic companies like Mahindra Logistics, Magenta EV Solutions, MoEVing, EVnow, Yelo EV, Zyngo and more. This unwavering trust in the Mahindra Zor Grand has been enabled by strong in-house competencies in the areas of battery, motor and telematics backed by rigorous validation and experience of putting more than 50000+ 3-wheeler EVs on the road.
The technologically advanced Zor Grand comes with the NEMO connected vehicle platform for fleet management & better operational efficiency, as well as an all-digital instrument cluster that shows State of Charge (SoC), range, speedometer, battery health indicator and the tell-tale lights. The vehicle comes with 5 years/150000 kilometre battery warranty.
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.
