The leading Indian auto giant Mahindra & Mahindra share has seen a good increase in value as its subsidiary company which is based in South Korea SsangYong Motors has seen a massive increase in its Units in the month of March 2015. The Indian parent company had taken over this unit in the year 2012 with a 72 % stake in it. Both the companies are in the same field of manufacturing and selling of diesel based various vehicles that mainly focused on the SUVs.
Because of the subsidiary company the parent company has gained well in terms of market value of its shares. The Mahindra is very much known for its wise decision in the auto industry. The company is currently trading at Rs. 1228.75, which is up by 27.10 points as well as 2.26% from its last closing of Rs. 1201.65 on the Bombay Stock Exchange. The rates had opened at Rs. 1200.00 and it touched high of Rs. 1239.00 as well as low of Rs. 1191.80 in the trading session. So far 16359 shares were registered as traded on the counter.
In the last one week the high and the low of the scrip is noted as Rs. 1222.00 and Rs. 1173.80 respectively. The present market cap of the Mahindra is Rs. 76108.66 crore. The promoters have registered holding in the company at 25.74%, while other Institutions and Non-Institutions had 56.26% and 12.58% respectively.
The auto leader Mahindra and Mahindra’s (which is an Indian company) subsidiary company of South Korea, SsangYong has recently noted a boom in its sales and in total 12,870 vehicles have been dold by the company still the month of March 2015. The figures of the sales are 7,719 vehicles sold in domestic market while 5,151 vehicles are exported and sold in overseas market. The Ssangyong Motors has seen a huge recovery in the sales as its global sales touched to the 12,000 vehicle sales in last three months since December 2014 (12,980 units). The recovery was much helped by the sales increase in the local market after the introduction of the Tivoli, up 32.4% from the last month. In the local market, the sales exceeded by 7,000 units, which was noted as best monthly sales since last December with 8,261 units.
The Ssangyong Motors had seen increases in exports in the month of March by 63.4% and in terms of units 5,151 from the previous month. It has exceeded 5,000 in five months since last October (6,143 units) which is truly in line with the launch of the Tivoli shipments to foreign market. The Tivoli, an SUV, which has just entered the overseas market with the shipments of 1,771 units in the month of March, is exported to the European market and Central & Southern American markets. These markets include countries such as Belgium, the UK, Spain, and Chile. The sales in these markets will begin from June onwards. Overall the deal with the SsangYong Motors has proved beneficiary to the Indian company Mahindra & Mahindra.