Mahindra & Mahindra has registered a significant achievement. The automobile company led by Anand Mahindra has overtaken Tata Motors, making it the second-largest automobile company in the country in terms of market valuation.
On Friday, Mahindra & Mahindra’s market cap reached Rs 3,65,193 crore, while Tata Motors’ market cap is Rs 3,29,041 crore. The country’s largest automobile company, Maruti Suzuki India Ltd, is number one, with a market cap of more than Rs 4 lakh crore.
Mahindra’s Stock Saw A Huge Jump
Mahindra & Mahindra’s stock closed at Rs 2,924.00 on Friday, up Rs 62.30. It rose 2.18 percent compared to Thursday. During the day’s trading, it touched a 52-week high of Rs 2,946. Sales of the company’s Scorpio N, Bolero, and Thar cars have jumped tremendously. Mahindra had a net profit of Rs 2038 crore in the quarter ended March 2024. Also, the company has bookings for 2.2 lakh SUVs.
Repeatedly Included In Nifty’s Top Gainers
This year, Mahindra & Mahindra Limited shares have been successful in maintaining their position most of the time in the list of Nifty’s top gainers. During the last 52 weeks, the share value of this company has jumped by about 71 per cent. Due to this, the company’s market capitalization has increased by more than Rs 2 lakh crore. Currently, Mahindra & Mahindra is the world’s largest tractor company.
The Company Will Launch New Products By Increasing Production Capacity
According to the information provided by Mahindra & Mahindra, the company plans to invest Rs 27,000 crore for expansion from 2025 to 2027. The company also intends to increase the production capacity of Sports Utility Vehicle (SUV) and Electric Vehicle (EV) to 72 thousand units per month by March 2026. By the end of March this year, this capacity was 49 thousand monthly units. The company also plans to launch 6 new diesel SUVs in the next 6 years.
