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Mahindra & Mahindra to make new K2 series tractors; stock hits 52-week high

The company said its Farm Equipment Sector will manufacture a new tractor series called the 'K2', exclusively at the company's tractor manufacturing facility at Zaheerabad in the state of Telangana.

Mahindra & Mahindra
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File photo: The logo of Mahindra and Mahindra is seen at a showroom in Mumbai

SI Reporter Mumbai
Shares of Mahindra & Mahindra (M&M) hit a 52-week high of Rs 675, up 6 per cent on the BSE in the intra-day deals on Wednesday after the company said it will make new K2 series tractors in Telangana. The stock surpassed its previous high of Rs 666 touched on September 22, 2020.

“The company’s Farm Equipment Sector (FES) will manufacture a new tractor series called the ‘K2’, exclusively at the company’s tractor manufacturing facility at Zaheerabad in the state of Telangana,” M&M said in a press release on Tuesday.

The new K2 series is Mahindra’s most ambitious light-weight tractor program. K2

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First Published: Nov 18 2020 | 11:12 AM IST

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