The maker of the XUV 300, Mahindra & Mahindra (M&M), surpassed Tata Motors in market value on June 14 thanks to a surge in its shares to previously unheard-of heights.
The maker of the XUV 300 SUV, Mahindra & Mahindra (M&M), had its market capitalization, or market value, or mcap, soar to a record high of Rs 3.66 lakh crore on June 14, surpassing that of Tata Motors. As a result, Mahindra & Mahindra and Tata Motors came in second and third place, respectively, while Maruti Suzuki India continued to be the top automaker in the nation in terms of market value.
1/7 By market value, Maruti Suzuki is still the biggest car manufacturer in India.
Provisional exchange data indicates that Maruti Suzuki India’s market capitalization at the close of business on Friday was Rs 4,04,045 crore.
2/7 With a mcap of Rs 3.64 lakh crore, M&M comes in second. M and M Surpasses Tata Motors to Become India
According to the data, Mahindra & Mahindra’s market value at the end of the day was Rs 3,63,980.9 crore.
3/7 At an all-time high, M&M shares boost the car major’s market capitalization to Rs 3.66 lakh crore.
The market capitalization of the manufacturer of XUV SUVs, M&M, reached a record high of Rs 2,945 per share on the BSE during the June 14 session.
4/7 Tata Motors, with a market value of Rs 3.30 lakh crore, is ranked third.
According to the data, Tata Motors’ market capitalization was Rs 3,30,204.1 crore at the close of business on June 14.
5/7 Bajaj Auto, ranked fourth among Indian automakers by mcap
India’s fourth-largest automaker by mcap is Bajaj Auto.
At the fourth rank, with a market capitalization of Rs 2,78,037.9 crore, was Bajaj Auto.
6/7 Eicher Motors, with a mcap of Rs 1.35 lakh crore, is ranked fifth.
As of June 14, Eicher Motors had a market capitalization of Rs 1,35,144.7 crore, placing it in sixth place.
7/7 Tata Motors briefly held the top spot as the most valued car manufacturer in India in January before slipping back to second place.
For the first time in seven years, Tata Motors overtook Maruti Suzuki in terms of market value in January. However, the company later reverted to second place, which was eventually occupied by M&M in June.
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