Mahindra & Mahindra offers proactive inspection of Fluid Hose

India Infoline News Service | Mumbai | September 22, 201610:52 IST

The inspection and subsequent rectification will be carried out free of cost for all New Generation Scorpio & NuvoSport customers, who will be individually contacted by the company.

Mahindra Scorpio Adventure
Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced the proactive inspection of a fluid hose on all New Generation Scorpio & NuvoSport vehicles, manufactured till June 2016, respectively. This is in keeping with the company's customer centric approach.

The inspection and subsequent rectification will be carried out free of cost for all New Generation Scorpio & NuvoSport customers, who will be individually contacted by the company. As an endeavor to ensure a hassle free experience for its customers, the company is proactively carrying out this activity. This action is also in compliance with SIAM's voluntary code on vehicle recall.

Customers can also visit the website (Service Action section) and check if their vehicle is part of the service action.

Mahindra & Mahindra Ltd is currently trading at Rs. 1415.3, up by Rs. 7.8 or 0.55% from its previous closing of Rs. 1407.5 on the BSE.

The scrip opened at Rs. 1420 and has touched a high and low of Rs. 1422.5 and Rs. 1414 respectively. So far 293825 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 87418.75 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1508.8 on 09-Aug-2016 and a 52 week low of Rs. 1092 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 1434 and Rs. 1396.05 respectively.

The promoters holding in the company stood at 25.41 % while Institutions and Non-Institutions held 55.73 % and 13.65 % respectively.

The stock is currently trading below its 50 DMA.


***Note: This is a NSE Chart

 

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