Maruti Suzuki surges on planning to double production capacity in next eight years
Maruti Suzuki is currently trading at Rs. 9744.20, up by 124.10 points or 1.29% from its previous closing of Rs. 9620.10 on the BSE.
The scrip opened at Rs. 9673.95 and has touched a high and low of Rs. 9752.35 and Rs. 9625.00 respectively. So far 14976 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 10036.70 on 05-Jul-2023 and a 52 week low of Rs. 8076.65 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 9677.65 and Rs. 9445.35 respectively. The current market cap of the company is Rs. 293923.90 crore.
The promoters holding in the company stood at 56.48% while Institutions and Non-Institutions held 40.01% and 3.51% respectively.
Maruti Suzuki India is planning to invest around Rs 45,000 crore to double its production capacity to 40 lakh units annually in the next eight years. The company will also take up suggestions by shareholders for a stock split to its board for consideration.
The company will also deal with a lot of technologies, including electric vehicles (EVs), hybrids, CNG, ethanol-blended and use of compressed biogas going forward as it is difficult to predict what will happen in the next eight to ten years in terms of new technologies.
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.
