Mahindra shares jump over 3% as Thar 2020 receives strong response


Shares of Mahindra & Mahindra 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.

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. (Read: Vitara Brezza leads pack with 5.5 lakh sales)

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. (Also Read: Audi Q2 bookings open)

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). (Read: Kia Sonet dominates compact SUV segment)

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Source: PTI

Deepika Chauhan

Hello, I am Deepika Chauhan an automobile enthusiast. Presently working as a Media Manager and Writer. My aim is to guide and teach ways to manage, grow and scale business.
Earlier, I have been a part of Asian News International (ANI) as a Sub-editor cum Producer.

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