Shares of this Indian giant automobile company jumped on introducing a new range of its popular car

Shares of this Indian giant automobile company jumped on introducing a new range of its popular car

Indian Market
by 5paisa Research Team Last Updated: 2023-01-09T18:40:17+05:30

The company has launched an all-new range of Thar which is one of its very popular cars in India.

The previous day’s close of the shares was at Rs 1,264.95. On Monday, the shares opened at Rs 1,267.00 and made the day high at Rs 1,313.30 a piece.

An entirely new line of Thar has been released by Mahindra & Mahindra (M&M). Rear Wheel Drive (RWD) models with two engine choices and Four Wheel Drive (4WD) models with improved capability are also part of the brand-new range. An all-new D117 CRDe engine with a manual transmission that generates 117 BHP and 300 Nm torque (87.2 kW@3500 rpm) powers the diesel versions of the RWD series. The mStallion 150 TGDi engine, which has an automatic transmission and produces 150 BHP and 320 Nm torque (112 kW@5000 rpm), powers the gasoline version of the RWD series.

With a starting price of Rs 9.99 lakh, the new Thar range is affordable for a larger variety of SUV consumers and those who have long wanted to own this classic SUV. The Thar fulfils the promise of "Explore the Impossible" by providing a remarkably distinctive driving and ownership experience.

A more severe electronic brake locking differential is now included with the 4WD version. It was created in partnership with Bosch and will make it easier for off-road enthusiasts to handle low traction scenarios. The LX Diesel 4WD models will offer the mechanical locking differential (MLD) as an option for those who still favour it. The selection of 4WD powertrains has not altered. It is propelled by a 2.2L mHawk 130 Diesel engine that generates 130 bhp of power and 300 Nm of torque and a 2.0L mStallion 150 TGDi petrol engine that produces 150 bhp of power & 320 Nm of torque. Both a 6-speed torque converter automatic transmission and a 6-speed manual transmission are available with these engines.

Mahindra & Mahindra Ltd. is one of India's most well-rounded automakers, offering 2-wheelers, 3-wheelers, PVs, CVs, tractors, and earthmovers.

The 52-week high of the stock is Rs 1,366.30 whereas the 52-week low was Rs 671.00. Promoter’s holdings stood at 19.38 % whereas Institutional and Non-Institutional holdings are 70.76 % and 9.83 %, respectively. Presently, the market cap of the company stood at Rs 1,62,907.95 crore.


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