Mahindra shares rise on Scorpio-N record bookings

Mahindra & Mahindra garnered over one lakh bookings for the Scorpio-N within the first 30 minutes of the weekend. Already 25,000 units were booked in the very first minute.

By :
HT Auto Desk

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Revised:
01 Aug 2022, 12:40 PM

Record bookings for the Mahindra Scorpio-N SUV helped the Indian carmaker’s shares jump on Monday, two days after it opened slots for its customers to choose their SUVs. Mahindra & Mahindra’s automotive arm, which is registered on Nifty as Mahindra Ltd, saw its share prices rise by over six per cent today. the price of its shares hit 1,245 in early trade this morning. Mahindra & Mahindra saw over lakh bookings within the first 30 minutes on Saturday. car maker almost shut down 18 crore business, thanks to huge bookings on its latest SUV.

Mahindra Scorpio-N SUV can be booked here 21,000 through its digital platform. The carmaker has promised to start deliveries of the Scorpio-N SUV from September 26, ahead of the festive season. The delivery date will depend on the variant chosen by the customers. Mahindra has also said that customers will be able to modify their bookings by changing the choice of variant or color till midnight of August 15.

Mahindra Scorpio-N SUV was launched in India at a starting price of 11.99 lakh (ex-showroom). price rises 19.49 lakh for the Z8 L diesel MT variant. The benefit of starting prices of Mahindra Scorpio-N will be available on the first 25,000 bookings.

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The Scorpio-N, which is the new generation model of Mahindra’s popular Scorpio SUV, is offered with both petrol and diesel powertrains. The SUV offers two-wheel drive as well as all-wheel drive options across all its variants. Under the hood, the Mahindra Scorpio-N gets a mStallion petrol engine capable of producing 200PS and 380 Nm or a mHawk diesel engine producing 175 PS and 400 Nm.

Mahindra Scorpio-N is the carmaker’s third new generation SUV model after the launch of Thar and XUV700. The new Scorpio-N will take on the Tata Safari and Harrier, Hyundai Alcazar and Creta, Kia Seltos and MG Hector and Hector Plus.

First published date: 01 Aug 2022 12:40 PM IST