Nov 13, 2012, 08.19 AM IST
Mahindra & Mahindra today said it will increase the production capacity of its compact sports utility vehicle Quanto by 40 per cent to 3,500 units per month from January next year. The company has so far received booking orders for over 10,000 units of the vehicle, which was launched in September.
In a statement, Mahindra & Mahindra (M&M) said it is "ramping up capacity (of Quanto) from 2,500 units to 3,500 units per month from January 2013 at Nashik plant to meet growing demand". M&M had launched its maiden compact SUV Quanto at Rs 5.99 lakh to Rs 7.57 lakh (ex-showroom, Delhi) on September 21 this year.
The company also said it has received over 10,000 bookings for Quanto from customers within two months of launch. Commenting on the development, M&M Chief Executive (Automotive Division) Pravin Shah said: "We are confident of meeting the demand for the Quanto and are in the process of ramping up our production capacity at Nashik towards the same".
M&M had said it would export the Quanto to neigbhouring countries such as Bangladesh, Nepal and Sri Lanka, besides South Africa to begin with and will be followed by shipments to Europe and Latin America. The sub four-meter Quanto is powered by a three-cylinder 1.5 litre diesel engine. The company has invested Rs 100 crore in developing the five-seater Quanto.
M&M stock price
On December 10, 2013, Mahindra and Mahindra closed at Rs 953.45, down Rs 13.3, or 1.38 percent. The 52-week high of the share was Rs 1026.45 and the 52-week low was Rs 741.50.
The company's trailing 12-month (TTM) EPS was at Rs 59.31 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 16.08. The latest book value of the company is Rs 238.22 per share. At current value, the price-to-book value of the company is 4.00.
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