Nov 13, 2012, 08.19 AM IST | Source: PTI

Mahindra to ramp up Quanto capacity to 3,500 units from Jan

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.

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 April 17, 2014, Mahindra and Mahindra closed at Rs 990.00, up Rs 14.65, or 1.50 percent. The 52-week high of the share was Rs 1054.00 and the 52-week low was Rs 741.50.


The company's trailing 12-month (TTM) EPS was at Rs 60.90 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 16.26. 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 4.16.

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1695.71 -35.05 -2.03%

54071

Bought today

83300

Sold today

0.62%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.