Mahindra & Mahindra Ltd., pioneers of the SUV segment in India, recorded 1,00,000 bookings for the All-New Scorpio-N within 30 minutes of the booking commencement at 11:00 am today, translating into an ex-showroom value of ~₹18,000 crores / ~USD 2.3 billion. Customers' enthusiasm for the All-New Scorpio-N has been extraordinary - the Scorpio-N recorded 25,000 bookings within one minute of booking commencement.
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 December 2022 wherein Z8L variant will be prioritized. Mahindra will inform the customers about their delivery date by the end of August 2022.
The booking website handled the huge rush of orders well, but there was a brief glitch with the payment gateway provider. Mahindra would like to assure the customers that their time stamp prior to payment is duly recorded on the booking platform, so each customer will have their rightful place in the order sequence and accordingly the first 25,000 will be considered for introductory prices based on this sequence.
The introductory prices of the All-New Scorpio-N variants are applicable for the first 25,000 bookings. The prices for the subsequent bookings will be as per the prices prevalent at the time of delivery. Bookings for the All-New Scorpio-N will continue to be accepted online and at dealerships.
The All-New Scorpio-N has been designed, engineered, and built to disrupt the SUV segment and redefine the existing product category hierarchies across multiple SUV segments creating resonance with the urban customers looking forward to owning an authentic SUV.
The Scorpio-N nomenclature was carefully chosen to represent the fact that it raises the SUV game to the power of N. Thrilling performance, unmissable presence, premium crafted interiors, sophisticated ride and handling, 'Go Anywhere' capability, bristling with tech, having a clean conscience and an immersive and enjoyable experience via AdrenoX makes the Scorpio-N a stand-out SUV. It is available in variants that include diesel and petrol, manual and automatic transmissions and with 6-seater or 7-seater capacity. It is also available with 4XPLOR first-in-class intelligent terrain management technology to transform it into an all-conquering, capable 4WD beast.
Shares of Mahindra & Mahindra Limited was last trading in BSE at Rs. 1164.75 as compared to the previous close of Rs. 1149.20. The total number of shares traded during the day was 103138 in over 5986 trades.
The stock hit an intraday high of Rs. 1184.35 and intraday low of 1152.00. The net turnover during the day was Rs. 120330474.00.