Mahindra & Mahindra catches speed on commencing sales of Veero CNG
Mahindra & Mahindra is currently trading at Rs. 2968.00, up by 41.80 points or 1.43% from its previous closing of Rs. 2926.20 on the BSE.
The scrip opened at Rs. 2924.00 and has touched a high and low of Rs. 3009.00 and Rs. 2918.65 respectively. So far 44333 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3237.60 on 03-Jan-2025 and a 52 week low of Rs. 1609.25 on 31-Jan-2024.
Last one week high and low of the scrip stood at Rs. 3009.00 and Rs. 2754.95 respectively. The current market cap of the company is Rs. 367338.42 crore.
The promoters holding in the company stood at 18.48%, while Institutions and Non-Institutions held 68.20% and 13.31% respectively.
Mahindra & Mahindra (M&M) has commenced sales of the CNG variant of its groundbreaking Veero Light Commercial Vehicle (LCV). The Veero CNG, will be available in two trims, starting at Rs 8.99 lakh ex-Showroom for the base 1.4 XXL SD V2 CNG option and the 1.4 XXL SD V4 (A) CNG trim at Rs 9.39 lakh ex-showroom.
The Veero CNG is underpinned by the company’s modular Urban Prosper Platform (UPP). Designed to redefine the segment, it sets new benchmarks for cost of ownership, safety, capability, cabin comfort and design and underlines the company’s commitment to sustainability and clean mobility.
The Mahindra Veero CNG offers unmatched value with its impressive mileage of 19.2 km/kg, and a 150 - litre CNG tank that provides a best-in-class pure CNG range of 480 km. Additionally, it features a 4.5-liter petrol tank for emergencies, extending its combined range to over 500 km making it suitable for intracity and intercity usage.
Mahindra & Mahindra 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.
