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Indian headline indices S&P BSE Sensex and Nifty traded lackluster in the early trade amid weak US handover. Nifty fell by over 100 points to hit the day's low of 22,346.50 amid selling pressure in banks, auto and FMCG stocks.
M&M shares were trading at Rs 1920.50 against the previous close of Rs 1921.35 on BSE. Market cap of the firm stood at Rs 2.38 lakh crore.
Nifty rose 203 points to 22,326 and Sensex ended 655 points higher at 73,651 on the last trading day of FY24.
Mahindra & Mahindra remains committed to the utility vehicles segment and plans to introduce three pure EV utility vehicles. They are evaluating alternate fuels and anticipate high demand for electric UVs and SUVs.
The Mumbai-based auto major's passenger vehicle sales in the domestic market rose 40 per cent to 42,401 units last month against 30,358 in February last year, the auto major said in a statement.