Maruti Suzuki rises as its arm achieves 3 million cumulative production
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Maruti Suzuki India is currently trading at Rs. 10749.15, up by 123.65 points or 1.16% from its previous closing of Rs. 10625.50 on the BSE.
The scrip opened at Rs. 10751.00 and has touched a high and low of Rs. 10930.00 and Rs. 10641.00 respectively. So far 9356 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 10930.00 on 07-Dec-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. 10930.00 and Rs. 10423.75 respectively. The current market cap of the company is Rs. 326163.39 crore.
The promoters holding in the company stood at 56.48%, while Institutions and Non-Institutions held 40.06% and 3.45% respectively.
Maruti Suzuki India’s wholly owned subsidiary -- Suzuki Motor Gujarat (SMG) has surpassed the milestone of 3 million cumulative production. SMG commenced operations in February 2017, and within a span of around 6 years and 11 months has achieved the 3 million cumulative production mark.
Notably, the last one million units were manufactured in just about 17 months. This Gujarat facility, of Maruti Suzuki, has an annual production capacity of 7.5 lakh units. Vehicles manufactured are sold in both domestic as well as export markets.
Recently, Maruti Suzuki’s Board of Directors approved the acquisition of Suzuki Motor Gujarat from Suzuki Motor Corporation (SMC), Japan. Suzuki Motor Gujarat, previously a wholly owned subsidiary of SMC, is now under Maruti Suzuki ownership.
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.
