Last Updated: August 01, 2022, 12:20 PM IST
All-new Mahindra Scorpio-N. (Photo: Mahindra)
M&M recorded 1,00,000 bookings for the all-new Scorpio-N within 30 minutes of booking commencement on Saturday
M&M Share Price Today: Shares of M&M hit a fresh 52-week high of Rs 1,244.95 per share as they soared 6.8 per cent on the BSE on Monday, surpassing their previous high of Rs 1,192.55, hit on July 20, 2022. This was the fifth consecutive session when the stock traded higher. It has advanced over 45 percent year-to-date. This comes after it recorded 1,00,000 bookings for the all-new Scorpio-N within 30 minutes of booking commencement on Saturday.
The rush has translated into a book value of Rs 18,000 crore on an ex-showroom price basis. The firm said the enthusiasm for the SUV was so high that it recorded 25,000 bookings within the first one minute.
The website too suffered a glitch and many interested buyers failed to book their Scorpio-N. Anand Mahindra admitted to the snag with the payment gateway provider and tweeted: “From our press release. And I add my reassurance: There was a brief glitch with the payment gateway provider. We assure all customers that their time stamp prior to payment is duly recorded, so each customer will have their rightful place in the order sequence.”
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