Mahindra & Mahindra Collaborates with SARGA MotoCorp to Expand Farm Equipment Business

Mahindra & Mahindra is the flagship company of the Mahindra Group, a multinational conglomerate. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

To grow its farm equipment business in Tanzania, Mahindra & Mahindra (M&M) has teamed with SARGA MotoCorp. Mahindra has been operating in the nation since 2008 and has a broad selection of tractors and farm equipment that spans the entire value chain for agricultural gear. SARGA MotoCorp, a reputable firm with international operations, will use its knowledge of the market and competence in the automotive industry to give Tanzanian farmers the best possible sales and after-sales experiences.

Sarga MotoCorp has put up an 800 square meter warehouse and workshop at the same area, along with a prominent flagship showroom measuring about 300 square meters on Nyerere Road in Dar es Salaam, as part of the cooperation. Sarga MotoCorp will also sign up over 25 Mahindra Certified Service Points (MCSP) and three spare part dealers across Tanzania to guarantee availability of high-quality and dependable parts and services, further ensuring great customer experience.

Today the script was opened at Rs 1539 and in the last trading session it was closed at Rs 1538.70. Today it was closed at Rs 1550.30, up by 0.75%. The BSE group ‘A’ stock of face value Rs 5 has a 52 week high of Rs 1594.85 and a 52 week low of Rs 1124. The company has market capitalization of around Rs 1,92,780 crore.

Over the past 6 months shares of the company has increased by 17.96% and over the past one year it has given return of 21.75%. The promoters holding in the company stood at 19.37%, while Institutions and Non-Institutions held 67.08% and 13.55% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.