Maruti Suzuki zooms on planning to dispatch 35% of total vehicle production via railways in 7-8 years
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Maruti Suzuki India is currently trading at Rs. 12698.00, up by 672.00 points or 5.59% from its previous closing of Rs. 12026.00 on the BSE.
The scrip opened at Rs. 12205.05 and has touched a high and low of Rs. 12713.05 and Rs. 12205.05 respectively. So far 53144 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 13066.85 on 24-Apr-2024 and a 52 week low of Rs. 9256.75 on 16-Aug-2023.
Last one week high and low of the scrip stood at Rs. 12736.80 and Rs. 11960.35 respectively. The current market cap of the company is Rs. 397643.80 crore.
The promoters holding in the company stood at 58.19%, while Institutions and Non-Institutions held 38.57% and 3.24% respectively.
Maruti Suzuki India is planning to utilise Indian Railways to transport 35 per cent of the vehicles produced across its factories over the next 7-8 years. The share of vehicle dispatches through railways scaled to 21.5 per cent in the 2023-24 fiscal from 5 per cent in 2014-15. The country's largest carmaker's vehicle dispatches through railways increased from 65,700 units in 2014-15 to 4,47,750 units in 2023-24.
The company has so far dispatched over 20 lakh units through Indian Railways. The automaker ferries vehicles to 20 destinations, serving over 450 cities using Indian railways. The company pioneered the use of railways for vehicle dispatches over a decade ago by becoming the first company in India to obtain the Automobile-Freight-Train-Operator license. Since then, the company has systematically increased its share of vehicle dispatches using railways.
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.
