Maruti Suzuki rides high on looking to enter mid-SUV segment to lift market share
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Maruti Suzuki India is currently trading at Rs. 8883.80, up by 101.70 points or 1.16% from its previous closing of Rs. 8782.10 on the BSE.
The scrip opened at Rs. 8822.00 and has touched a high and low of Rs. 8885.00 and Rs. 8792.90 respectively. So far 14081 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9229.00 on 01-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. 9147.05 and Rs. 8761.90 respectively. The current market cap of the company is Rs. 267824.18 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 is looking to enter mid-SUV segment to lift market share. Presently, the company's overall market share is under 45 per cent and the target is to lift it to 50 per cent.
As per the company, although Maruti is a market leader in the entry-SUV segment, it has no presence in the mid-SUV segment. The company feels a need to enter the mid-SUV segment for which it will launch a model in the last week of September this year.
Maruti Suzuki India (formerly known as Maruti Udyog) 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.
