M&M rides high after its arm launches Mahindra ZEO

Mahindra & Mahindra is currently trading at Rs. 3031.25, up by 14.20 points or 0.47% from its previous closing of Rs. 3017.05 on the BSE.

The scrip opened at Rs. 3025.00 and has touched a high and low of Rs. 3047.85 and Rs. 2984.00 respectively. So far 67847 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3221.10 on 27-Sep-2024 and a 52 week low of Rs. 1450.55 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 3184.00 and Rs. 2984.00 respectively. The current market cap of the company is Rs. 376969.55 crore.

The promoters holding in the company stood at 18.56%, while Institutions and Non-Institutions held 68.14% and 13.30% respectively.

Mahindra & Mahindra’s (M&M) subsidiary -- Mahindra Last Mile Mobility (MLMML) has launched the Mahindra ZEO, a revolutionary new electric four-wheeler. The name ‘ZEO’, stands for ‘Zero Emission Option’, displays the environmental benefits of the electric vehicle. It resonates with the MLMML’s mission: to electrify the last-mile transportation and help customers prosper in their lives. Available in two variants, the Mahindra ZEO is specifically engineered to meet the evolving demands of urban logistics. MLMML has priced the Mahindra ZEO very attractively starting from Rs 7.5 lakh, ex-showroom, pan-India. With the Mahindra ZEO, customers can save up to Rs 7 lakh in seven years, when compared with a diesel SCV.

The Mahindra ZEO is built on an efficient high-voltage 300+ V architecture that gives superior energy efficiency, higher range and faster charging times. The Mahindra ZEO’s advanced Permanent Magnet Synchronous Motor delivers 30 kW power and 114 Nm torque. The powerful 21.3 kWh liquid-cooled battery provides a power-packed performance. With a top speed of 60 km/h, the ZEO ensures quicker trips and more earning potential. The Mahindra ZEO’s superior payload capacity of up to 765 kg, gives adaptability to different business needs. A bigger 2250 mm cargo box enhances loading capacity.

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.