Maruti Suzuki India spurts on reporting 7% rise in total wholesales in April 2023
Maruti Suzuki India is currently trading at Rs. 8707.60, up by 117.70 points or 1.37% from its previous closing of Rs. 8589.90 on the BSE.
The scrip opened at Rs. 8610.00 and has touched a high and low of Rs. 8708.50 and Rs. 8605.30 respectively. So far 5288 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7062.65 on 13-May-2022.
Last one week high and low of the scrip stood at Rs. 8708.50 and Rs. 8421.75 respectively. The current market cap of the company is Rs. 260575.77 crore.
The promoters holding in the company stood at 56.48%, while Institutions and Non-Institutions held 39.73% and 3.78% respectively.
Maruti Suzuki India has reported a 7 per cent increase in total wholesales at 1,60,529 units in April 2023. The company had dispatched 1,50,661 units to dealers in April 2022. Last month, the company's domestic sales rose 9 per cent to 1,43,558 units as against 1,32,248 units in April 2022.
Sales of mini cars, comprising Alto and S-Presso, fell 18 per cent to 14,110 units as compared with 17,137 units a year ago. However, sales in the compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, rose 27 per cent to 74,935 units as against 59,184 cars in April 2022. During the month under review, sales of mid-sized sedan Ciaz increased to 1,017 units over 579 units in April 2022.
Utility vehicle sales, including Brezza, Grand Vitara and Ertiga, rose 8 per cent to 36,754 units as compared with 33,941 vehicles in the year-ago month. Exports, however, declined 8 per cent to 16,971 units as against 18,413 units in the corresponding month last year.
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.