Maruti Suzuki surges on collaborating with Indian Bank for dealer financing solutions
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Maruti Suzuki India is currently trading at Rs. 10533.15, up by 43.85 points or 0.42% from its previous closing of Rs. 10489.30 on the BSE.
The scrip opened at Rs. 10519.95 and has touched a high and low of Rs. 10549.95 and Rs. 10477.00 respectively. So far 2819 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 10575.00 on 14-Sep-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. 10575.00 and Rs. 10342.25 respectively. The current market cap of the company is Rs. 317788.22 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 (MSIL) has signed inventory funding Memorandum of Understanding (MoU) with Indian Bank. This new alliance will empower 4000+ Maruti Suzuki dealerships across the country with comprehensive inventory funding options for their working capital requirements.
This alliance with Indian bank will strengthen relationship with dealer partners and ensure a seamless car buying experience for the customers. The goal all along has been to work closely with Indian Bank in developing personalised offers and end-to-end working capital solutions for its dealer partners across the country.
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.
