Latest News | BIZ-STOCKS-MAHINDRA Mahindra & Mahindra Shares Jump over 3 Pc
Get latest articles and stories on Latest News at LatestLY. Shares of Mahindra & Mahindra on Tuesday jumped over 3 per cent after the company said the bookings for its all-new Thar SUV has crossed 9,000 units since its launch on October 2.
New Delhi, Oct 6 (PTI) Shares of Mahindra & Mahindra on Tuesday jumped over 3 per cent after the company said the bookings for its all-new Thar SUV has crossed 9,000 units since its launch on October 2.
The stock rose by 3.42 per cent to close at Rs 627.75 on the BSE. During the day, it gained 4.28 per cent to Rs 633.
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On the NSE, it jumped 3.48 per cent to close at Rs 628.15.
In terms of volume, 3.39 lakh shares were traded on the BSE during the day, while over 90 lakh shares changed hands on the NSE.
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Only 18 cities have been covered in the first phase of markets where test drive and demo vehicles are available for the vehicle, the company said in a statement on Tuesday.
"Despite test drives being available in just 18 cities to begin with, we have received over 9,000 bookings for the All-New Thar, since its launch, which is unprecedented for this segment," Mahindra & Mahindra Chief Executive Officer, Automotive Division, Veejay Nakra said.
He further said, "Our endeavour is to ensure that test drive vehicles are available in the rest of the country at the earliest, for more people to experience and book the All-New Thar."
The all-new version of Thar was launched last Friday, priced between Rs 9.8 lakh and Rs 13.75 lakh (ex-showroom). PTI SUM
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)