M&M books 100K Scorpio-N within 30 min of booking commencement; stock up 7%

The company, on Saturday, recorded 100,000 bookings for the All-New Scorpio-N within 30 minutes of the booking commencement, translating into an ex-showroom value of nearly Rs 18,000 crore

Shares of M&M hit a record high of Rs 1,247. per share as they soared 7 per cent on the BSE on Monday, surpassing their previous high of Rs 1,192.55, hit on July 20, 2022. The company, on Saturday, recorded 100,000 bookings for the All-New Scorpio-N within 30 minutes of the booking commencement -- over 25,000 bookings within 1 minute -- translating into an ex-showroom value of nearly Rs 18,000 crore ($2.3 billion). 

The company said the deliveries of the All-New Scorpio-N will begin September 26, 2022, onwards. Over 20,000 units of the All-New Scorpio-N are planned for delivery by