Maruti Suzuki India gains on expanding subscribe program to cover 5 new cities
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Maruti Suzuki India is currently trading at Rs. 8809.65, up by 107.40 points or 1.23% from its previous closing of Rs. 8702.25 on the BSE.
The scrip opened at Rs. 8720.05 and has touched a high and low of Rs. 8845.00 and Rs. 8719.95 respectively. So far 10700 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9450.00 on 23-Sep-2022 and a 52 week low of Rs. 6540.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 8961.50 and Rs. 8510.85 respectively. The current market cap of the company is Rs. 266032.85 crore.
The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 39.90% and 3.73% respectively.
Maruti Suzuki India has expanded its subscribe program to cover 5 new cities. With this expansion, the Maruti Suzuki Subscribe program is now available in the cities of Chandigarh, Ludhiana, Lucknow, Nagpur and Vishakhapatnam. This expands the total network coverage of Maruti Suzuki Subscribe across 25 cities in India.
In the 5 new cities, Maruti Suzuki Subscribe will be offered on the marketplace platform in association with its Subscription Partners ALD Automotive and Quiklyz. The program will be offering white plate subscription for the entire Maruti Suzuki range of vehicles through one or more of its subscription partners. Subscription tenures can range from 12 to 48 months.
Maruti Suzuki Subscribe is a program wherein customers can enjoy owning a car without buying a vehicle. It allows customers to opt for cars from the range of Maruti Suzuki vehicles, choose from multiple tenure options, at an all-inclusive fixed monthly rental. The monthly rental includes the cost of the vehicle, registration charges, vehicle maintenance & service, insurance (new & renewals), along with roadside assistance. Once the tenure is over, the customer has an option to upgrade to a new car, or avail the option of buying back the subscribed car. The service also offers the customers the option of foreclosing the subscription during the tenure.
Maruti Suzuki India is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.
