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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 ...
Maruti Suzuki surges on planning to double production capacity in next eight years
Maruti Suzuki surges on planning to double production capacity in next eight years
Source: Accord Fintech
30/08/2023 4:01:22 PM
India`s Maruti Suzuki plans to double production capacity over 8 years Maruti Suzuki India plans to double its production capacity to 4 million over the next eight years, India's top carmaker by sales said at its annual general meeting on Tuesday. The automaker also expects export volumes to touch 800,000 cars by fiscal 2031, Chairman R.C. Bhargava told shareholders at the meeting. As of fiscal 2023, it exported 259,333 cars. The comments came a month after Maruti reported a better-than-expected quarterly profit on strong orders and forecast a rise in ...
India`s Maruti Suzuki plans to double production capacity over 8 years
India`s Maruti Suzuki plans to double production capacity over 8 years
Source: Reuters
29/08/2023 12:03:35 PM
India`s two-wheeler sales likely to improve as early as September - analysts Indian two-wheeler makers could begin posting better wholesale numbers as early as September as exports pick up and domestic demand improves in the upcoming festival season, analysts said this week. The outlook comes after two-wheeler makers such as Bajaj Auto and Hero MotoCorp reported dismal sales volumes for July. "The incessant rains and the floods caused crop damage in several states, and also resulted in a sharp decline in customer footfall at dealerships," Hero MotoCorp...
India`s two-wheeler sales likely to improve as early as September - analysts
India`s two-wheeler sales likely to improve as early as September - analysts
Source: Reuters
2/08/2023 7:48:55 PM
Buy Maruti Suzuki Ltd For Target Rs.11,150 - Motilal Oswal Financial Services MSIL to acquire Gujarat plant from Suzuki, likely at book value * 1QFY24 EBIT miss was led by high employee costs due to one-time retention payments and marketing spends on new launches (~80bp impact). Aided by new products, MSIL is expected to outperform underlying industry growth of 6-8% in FY24, resulting in market share gains and margin recovery. This should be further supported by easing supply challenges. * We increase our FY24E EPS by 3% to factor in better ASPs and higher other ...
Buy Maruti Suzuki Ltd For Target Rs.11,150 - Motilal Oswal Financial Services
Buy Maruti Suzuki Ltd For Target Rs.11,150 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2/08/2023 12:56:41 PM
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities In 1QFY24, MSIL’s Adj. EBITDA margin came in at 10% (+280bps YoY, -50bps QoQ), c.50bps below JMFe. Sequential decline in margin was due to new launch expenses and higher discounts. Employee cost had one-off impact of 80bps related to employee retention bonus. MSIL lost c.28k units due to chip shortage during 1QFY24. Management highlighted that chip supplies have largely normalised. Order inflow continues to remain healthy with over c.355k units of pending bookings led by recent launches...
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities
Buy Maruti Suzuki Ltd For Target Rs.11,500 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
2/08/2023 12:24:32 PM
Maruti Suzuki India gains on repoting marginal rise in total sales during July Maruti Suzuki India is currently trading at Rs. 9760.00, up by 44.75 points or 0.46% from its previous closing of Rs. 9715.25 on the BSE. The scrip opened at Rs. 9739.95 and has touched a high and low of Rs. 9789.00 and Rs. 9640.40 respectively. So far 2274 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 sc...
Maruti Suzuki India gains on repoting marginal rise in total sales during July
Maruti Suzuki India gains on repoting marginal rise in total sales during July
Source: Accord Fintech
2/08/2023 10:36:22 AM
Maruti Suzuki at cusp of market share recovery after 2 yrs of market share loss After two consecutive years of market share loss, Maruti Suzuki is at the cusp of market share recovery led by new launches, JM Financial Institutional Securities said in a research. Recently introduced Jimny, Fronx and Invicto have received good customer response. Pending order book for Brezza, GV, Jimny, Fronx, Invicto, Eritga stands at 48k/27k/23k/22k/8k/93k units, respectively. Backed by recent SUV launches, the company has regained leadership position in SUV segment during 1QFY24, ...
Maruti Suzuki at cusp of market share recovery after 2 yrs of market share loss
Maruti Suzuki at cusp of market share recovery after 2 yrs of market share loss
Source: IANS
1/08/2023 12:02:09 PM
India's Maruti tops profit view; to buy parent's Gujarat plant India's top carmaker Maruti Suzuki on Monday reported a better-than-expected first-quarter profit, helped by strong orders, and forecast a rise in average selling prices in the coming quarters. The company, which also revealed plans to buy its Japanese parent's plant in Gujarat, said it did not see serious chip-shortage-related issues going forward. That problem had hurt the production of over 28,000 vehicles in the latest quarter. Maruti's order book stood at 355,000 vehicl...
India's Maruti tops profit view; to buy parent's Gujarat plant
India's Maruti tops profit view; to buy parent's Gujarat plant
Source: Reuters
31/07/2023 7:33:00 PM
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant Automobile major Maruti Suzuki India Ltd has decided to acquire Suzuki Motor Gujarat Pvt Ltd (SMG) from its Suzuki Motor Corporation (SMC) for a sum to be arrived at later, a top official said. Briefing reporters about the Board of Directors' decision, Chairman R.C.Bhargava said the SMG was set up as a 100 per cent contract manufacturer for Maruti Suzuki India in Gujarat in 2014. Over the years, the dynamics of the automobile industry has changed with several powertrain technologies...
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant
Source: IANS
31/07/2023 5:39:35 PM
Maruti Suzuki India`s Q1 profit more than doubles Maruti Suzuki India on Monday reported first quarter profit that more than doubled as the country's largest carmaker by volume benefited from rising demand for pricier and margin-boosting utility vehicles. The company posted a net profit of 24.85 billion rupees ($302.3 million) for the quarter ended June 30, compared with 10.13 billion rupees last year.
Maruti Suzuki India`s Q1 profit more than doubles
Maruti Suzuki India`s Q1 profit more than doubles
Source: Reuters
31/07/2023 4:10:47 PM
Sensex, Nifty scale new heights The two Indian stock exchanges continued their uptrend on Thursday to touch new peaks. The Sensex of the BSE after opening at a subdued note at 67,074.34, flared up to touch a new all time height 67,385.52 points. At the BSE, the shares of Maruti Suzuki, ITC, Sun Pharmaceuticals, Kotak Bank, Reliance Industries, Tata Steel, IndusInd Bank and others saw an uptrend, while NTPC, Nestle, Axis Bank, Wipro, Bajaj Finance and others were on the down trend. Similarly, the Nifty of the NSE to...
Sensex, Nifty scale new heights
Sensex, Nifty scale new heights
Source: IANS
20/07/2023 3:45:08 PM
Maruti Suzuki moves up on initiating exports of newly launched model Fronx Maruti Suzuki India is currently trading at Rs. 9879.60, up by 24.90 points or 0.25% from its previous closing of Rs. 9854.70 on the BSE. The scrip opened at Rs. 9860.00 and has touched a high and low of Rs. 9945.00 and Rs. 9820.00 respectively. So far 5357 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 sc...
Maruti Suzuki moves up on initiating exports of newly launched model Fronx
Maruti Suzuki moves up on initiating exports of newly launched model Fronx
Source: Accord Fintech
7/07/2023 11:52:43 AM
India's June vehicle retail sales up, but supply challenges hurt: industry body Retail sales of cars and bikes in India rose in June, an industry body said on Thursday, while also flagging "demand-supply mismatches" that likely caused some disruption. Sales of cars and vans - clubbed as passenger vehicles - rose 4.8% to more than 295,000 units – a record high for the month of June, while those of two wheelers were up 6.8% at over 1.3 million units, data from the Federation of Automobile Dealers Association (FADA) showed. However, dealers selling car...
India's June vehicle retail sales up, but supply challenges hurt: industry body
India's June vehicle retail sales up, but supply challenges hurt: industry body
Source: Reuters
6/07/2023 2:50:11 PM
Maruti Suzuki goes upmarket in India with new seven seater  Maruti Suzuki, India's biggest automaker, is looking to break into the premium car segment with its new seven seater, as a growing number of buyers opt for bigger, feature-packed cars. Maruti, known for small and compact cars that are mostly priced below 1 million rupees ($12,000), on Wednesday launched the Invicto people mover starting from around 2.5 million rupees ($30,000). The company aims to raise its brand image and enter a segment where it sees rapid growth as the purc...
Maruti Suzuki goes upmarket in India with new seven seater
Maruti Suzuki goes upmarket in India with new seven seater
Source: Reuters
5/07/2023 5:23:20 PM
Maruti Suzuki launches Invicto starting at Rs 24.79 lakh  Passenger car major Maruti Suzuki India Ltd on Wednesday launched its premium three row utility vehicle (UV) model Invicto priced between Rs 24.79 lakh and Rs 28.42 lakh. The model will be retailed by Maruti Suzuki India’s premium channel NEXA. “Our entry into the premium three row UV segment with the launch of the Invicto adds a new dimension to NEXA’s portfolio and to Maruti Suzuki as a brand. With its SUV-like character, our new Invicto delivers a combination ...
Maruti Suzuki launches Invicto starting at Rs 24.79 lakh
Maruti Suzuki launches Invicto starting at Rs 24.79 lakh
Source: IANS
5/07/2023 2:41:29 PM
Maruti Suzuki sold 1.59 lakh units in June, lower than April and May figures Passenger car major Maruti Suzuki India Ltd closed June selling 159,418 units which was lower than it sold in April and May 2023 but higher than the sales numbers of June 2022. According to Maruti Suzuki, it sold 159,418 units (domestic 136,019 units, to other vehicle makers 3,629 units and exports 19,770 units) up from 155,857 units (domestic 125,710 units, to other vehicle makers 6,314 units and exports 23,833 units) sold in June, 2022. However, it should be noted the company had sold...
Maruti Suzuki sold 1.59 lakh units in June, lower than April and May figures
Maruti Suzuki sold 1.59 lakh units in June, lower than April and May figures
Source: IANS
1/07/2023 2:03:28 PM
Maruti Suzuki opens bookings for Invicto UV. Expanding its utility vehicle (UV) segment, Maruti Suzuki India Ltd on Monday announced pre-launch booking for its three row Invicto model in the NEXA channel. The Invicto marks Maruti Suzuki's entrance into the premium 3-Row segment and the launch is slated for July 5, 2023. The company said Invicto will appeal to customers who are looking for a strong design, best-in-class passenger room, ample cargo space, spirited performance, advanced technology, and a host of utility features....
Maruti Suzuki opens bookings for Invicto UV.
Maruti Suzuki opens bookings for Invicto UV.
Source: IANS
19/06/2023 2:50:32 PM
Maruti Suzuki India rises on launching highly anticipated off-roader `Jimny` Maruti Suzuki India is currently trading at Rs. 9759.45, up by 27.60 points or 0.28% from its previous closing of Rs. 9731.85 on the BSE. The scrip opened at Rs. 9780.05 and has touched a high and low of Rs. 9801.40 and Rs. 9723.55 respectively. So far 3646 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9,801.40 on 07-Jun-2023 and a 52 week low of Rs. 7557.60 on 07-Jun-2022. Last one week high and low of the sc...
Maruti Suzuki India rises on launching highly anticipated off-roader `Jimny`
Maruti Suzuki India rises on launching highly anticipated off-roader `Jimny`
Source: Accord Fintech
7/06/2023 12:11:25 PM
Maruti Suzuki India gains on starting work on solar power plants Maruti Suzuki India is currently trading at Rs. 9738.30, up by 157.20 points or 1.64% from its previous closing of Rs. 9581.10 on the BSE. The scrip opened at Rs. 9644.00 and has touched a high and low of Rs. 9765.50 and Rs. 9614.15 respectively. So far 6618 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7557.60 on 07-Jun-2022. Last one week high and low of the sc...
Maruti Suzuki India gains on starting work on solar power plants
Maruti Suzuki India gains on starting work on solar power plants
Source: Accord Fintech
6/06/2023 11:24:08 AM
Analysing the Top Performers in the BSE Sensex: Which Companies have Consistently Delivered Strong Returns? For anybody looking to invest in the stock market, it is important to have a long-term perspective of the market and not get caught up in short-term fluctuations. There are stocks that have remained solid despite the ups and downs in the market over the past decade or so. This is because short-term fluctuations in the market are bound to happen however the long-term growth story of fundamentally strong companies mostly remain intact and these companies give an investor, good returns Invest...
Analysing the Top Performers in the BSE Sensex: Which Companies have Consistently Delivered Strong Returns?
Analysing the Top Performers in the BSE Sensex: Which Companies have Consistently Delivered Strong Returns?
Source: .
5/06/2023 10:00:45 AM
Maruti Suzuki India gains on reporting 10% rise in total sales in May Maruti Suzuki is currently trading at Rs. 9364.60, up by 36.80 points or 0.39% from its previous closing of Rs. 9327.80 on the BSE. The scrip opened at Rs. 9365.05 and has touched a high and low of Rs. 9375.95 and Rs. 9316.30 respectively. So far 1597 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7557.60 on 07-Jun-2022. Last one week high and low of the scrip sto...
Maruti Suzuki India gains on reporting 10% rise in total sales in May
Maruti Suzuki India gains on reporting 10% rise in total sales in May
Source: Accord Fintech
2/06/2023 11:53:27 AM
May 2023 auto sales preview: The recovery for 2-wheelers to continue Emkay Global Financial Services conducted a channel check to gauge the volumes’ estimate for the month of May. The channel checks indicate the recovery in the 2-wheeler space to continue as the entry/rural segment supplements the premium/urban categories on uptick in replacement demand. PVs will see an uptrend in the month of May. Overall volume growth to endure, except in CVs and Tractors.The volumes for CVs are expected to be subdued, on pre-buy in the past months. Maruti Suzuk...
May 2023 auto sales preview: The recovery for 2-wheelers to continue
May 2023 auto sales preview: The recovery for 2-wheelers to continue
Source: PR Agency
30/05/2023 3:56:00 PM
Stock of the day : Buy Maruti Suzuki Ltd JUNE 9300 CE For Target Rs.295 - Religare Broking Maruti Suzuki Ltd * Auto pack is holding strong amid the consolidation and Maruti is among the top performer. * It has been seeing steady up move after retesting the support zone around 8200 levels. * Formed a fresh buying pivot while holding firm above the support zone of short term moving average i.e. 20 EMA. * We recommend creating fresh longs in the mentioned range. Buy Maruti Suzuki Ltd JUNE 9300 CE CMP 213.30 ; Range 205-215; SL 175; Target 295   ...
Stock of the day : Buy Maruti Suzuki Ltd JUNE 9300 CE For Target Rs.295 - Religare Broking
Stock of the day : Buy Maruti Suzuki Ltd JUNE 9300 CE For Target Rs.295 - Religare Broking
Source: Religare Broking Ltd
25/05/2023 10:56:17 AM
Maruti Suzuki trades higher on the bourses Maruti Suzuki India is currently trading at Rs. 9300.40, up by 101.20 points or 1.10% from its previous closing of Rs. 9199.20 on the BSE. The scrip opened at Rs. 9163.00 and has touched a high and low of Rs. 9315.00 and Rs. 9160.00 respectively. So far 3930 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7557.60 on 07-Jun-2022. Last one week high and low of the sc...
Maruti Suzuki trades higher on the bourses
Maruti Suzuki trades higher on the bourses
Source: Accord Fintech
24/05/2023 12:30:24 PM
Maruti Suzuki rises on inking pact with Cholamandalam Investment and Finance Company Maruti Suzuki India is currently trading at Rs. 9193.15, up by 35.75 points or 0.39% from its previous closing of Rs. 9157.40 on the BSE. The scrip opened at Rs. 9149.00 and has touched a high and low of Rs. 9214.50 and Rs. 9149.00 respectively. So far 2769 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7557.60 on 07-Jun-2022. Last one week high and low of the scr...
Maruti Suzuki rises on inking pact with Cholamandalam Investment and Finance Company
Maruti Suzuki rises on inking pact with Cholamandalam Investment and Finance Company
Source: Accord Fintech
23/05/2023 11:46:16 AM
India's JK Tyre reports nearly three-fold increase in Q4 profit BENGALURU - India's JK Tyre & Industries Ltd on Wednesday reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost. The tyre-maker's consolidated net profit rose to 1.08 billion rupees ($13.2 million) in the quarter ended March 31, from 402 million rupees a year earlier, it said in an exchange filing. The company, which supplies to Maruti Suzuki India Ltd and Tata Motors Ltd, posted an almost 10% growth in revenue...
India's JK Tyre reports nearly three-fold increase in Q4 profit
India's JK Tyre reports nearly three-fold increase in Q4 profit
Source: Reuters
17/05/2023 6:59:32 PM
India`s carmakers back zero duty on limited British imports under trade deal Indian carmakers have agreed to eliminate import tax on a limited number of vehicles in a trade deal with Britain "if the need arises", according to a document seen by Reuters, offering better access to the world's third-largest automobile market. India currently levies 60% and 100% tax on car imports which will be reduced in a phased manner to 10% by year five but only for a maximum of 46,200 vehicles, according to a proposal made by the country's leading auto lobby grou...
India`s carmakers back zero duty on limited British imports under trade deal
India`s carmakers back zero duty on limited British imports under trade deal
Source: Reuters
15/05/2023 3:02:03 PM
Much before talk of diesel car ban, sales down to 17.6% of total volume The news about an Indian government committee suggesting a ban on diesel cars from 2027 has sowed the seeds of uncertainty in the minds of diesel car buyers today, said top industry officials. Car buyers will think twice before writing out a cheque to buy a diesel car, they added. The government has suggested a ban on diesel-powered cars by 2027 in cities with a population of over a million people. "The impact on the diesel vehicle industry will be from now, and not from 2027,&q...
Much before talk of diesel car ban, sales down to 17.6% of total volume
Much before talk of diesel car ban, sales down to 17.6% of total volume
Source: IANS
14/05/2023 1:59:39 PM
Maruti Suzuki India plans to invest over $5.5 billion to double capacity by 2030 - ET Maruti Suzuki India Ltd, the country's top carmaker, will likely invest more than $5.5 billion to double its production capacity to four million vehicles a year by the end of 2030, the Economic Times reported on Friday, citing sources aware of the plans.
Maruti Suzuki India plans to invest over $5.5 billion to double capacity by 2030 - ET
Maruti Suzuki India plans to invest over $5.5 billion to double capacity by 2030 - ET
Source: Reuters
12/05/2023 9:04:20 AM
South Korea`s Hyundai to invest $2.45 billion in Indian state South Korea's Hyundai Motor Co said on Thursday it will invest 200 billion rupees ($2.45 billion) in the southern Indian state of Tamil Nadu over the next 10 years, to beef up electric vehicle production in the world's most populous country. Tamil Nadu is a hub for automobile manufacturing with the likes of Ashok Leyland, TVS Motor, Hyundai and Renault-Nissan making thousands of two- and four-wheelers every year. Hyundai, through its Indian subsidiary Hyundai Motor India, w...
South Korea`s Hyundai to invest $2.45 billion in Indian state
South Korea`s Hyundai to invest $2.45 billion in Indian state
Source: Reuters
11/05/2023 1:00:36 PM
Stock Picks : Maruti Suzuki Ltd and Coal India Ltd By ICICI Direct Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @8724-8732 CMP8776.85; Target 8814.70; Stop Loss 8667.30   Coal India Ltd  Buy Coal India Ltd  @233.50-234.5 CMP 236.10; Target 238.30; Stop Loss 231.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 &...
Stock Picks : Maruti Suzuki Ltd and Coal India Ltd By ICICI Direct
Stock Picks : Maruti Suzuki Ltd and Coal India Ltd By ICICI Direct
Source: ICICI Direct
3/05/2023 11:37:14 AM
Maruti Suzuki India spurts on reporting 7% rise in total wholesales in April 2023 Maruti Suzuki India is currently trading at Rs. 8707.60, up by 117.70 points or 1.37% from its previous closing of Rs. 8589.90 on the BSE. The scrip opened at Rs. 8610.00 and has touched a high and low of Rs. 8708.50 and Rs. 8605.30 respectively. So far 5288 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7062.65 on 13-May-2022. Last one week high and low of the sc...
Maruti Suzuki India spurts on reporting 7% rise in total wholesales in April 2023
Maruti Suzuki India spurts on reporting 7% rise in total wholesales in April 2023
Source: Accord Fintech
2/05/2023 11:00:39 AM
Maruti Suzuki India expects chip shortage to ease in Q2 Maruti Suzuki India Ltd expects some recovery in chip shortages in the second quarter, an executive at the country's top carmaker said on Monday. The shortage, which affected the company's April production, will continue in the current quarter ended June, the executive said. "Chip shortage will continue in Q1 but we are expecting some recovery in Q2, although visibility on semiconductor supply remains limited," Shashank Srivastava, senior executive, marketing and sales...
Maruti Suzuki India expects chip shortage to ease in Q2
Maruti Suzuki India expects chip shortage to ease in Q2
Source: Reuters
1/05/2023 5:03:05 PM
Maruti Suzuki sold 1.60 lakh units in April Passenger car major Maruti Suzuki India Ltd said it had sold a total of 160,529 units (domestic 139,519 units, sales to other car makers 4,039 units and exports 16,971 units) last month up from 150,661 units (domestic 126,261 units, sales to other car makers 5,987 units and exports 18,413 units). It should be noted that the company had logged lower exports and sales to other car makers last month as compared to the units sold in April 2022. The shortage of electronic components had some...
Maruti Suzuki sold 1.60 lakh units in April
Maruti Suzuki sold 1.60 lakh units in April
Source: IANS
1/05/2023 2:23:10 PM
Buy Maruti Suzuki Ltd For Target Rs 10,051 By Yes Securities Valuation and View – FY23 exit orderbook highest of past 3 quarters MSIL’s 4QFY23 missed our EBITDA/Adj.PAT by 4%/7%, we believe the overall results were still better given sustained improvements in key metrics such as EBITDA/vehicle which grew ~7% QoQ to Rs65k/unit (+31% YoY). Higher contribution from SMG (as overheads are loaded in RM) as well as one time impacted of Rs400m due to auto expo expense restricted margins. Going forward with RM stability and controlled discounts t...
Buy Maruti Suzuki Ltd For Target Rs 10,051 By Yes Securities
Buy Maruti Suzuki Ltd For Target Rs 10,051 By Yes Securities
Source: Yes Securities
29/04/2023 12:29:25 PM
Buy Maruti Suzuki Ltd For Target Rs 10,100 By Motilal Oswal Financial Services CNG models gaining traction after price caps * MSIL’s 4QFY23 miss was led by a weak product mix and FX impact. Driven by new products, MSIL is expected to outperform underlying industry growth of 5-7% in FY24, resulting in market share gains and margin recovery. Chip shortages and commodity inflation could pose risks to our estimates. * We marginally lower our FY24E/FY25E EPS by 1%/3% to factor in high capex and resultant lower treasury income. The stock trades at 24.3x/21.1x FY24...
Buy Maruti Suzuki Ltd For Target Rs 10,100 By Motilal Oswal Financial Services
Buy Maruti Suzuki Ltd For Target Rs 10,100 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
28/04/2023 11:17:22 AM
Maruti Suzuki India rides high on reporting 42% rise in Q4 consolidated net profit Maruti Suzuki India is currently trading at Rs. 8525.00, up by 21.85 points or 0.26% from its previous closing of Rs. 8503.15 on the BSE. The scrip opened at Rs. 8563.00 and has touched a high and low of Rs. 8600.00 and Rs. 8470.00 respectively. So far 6765 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7062.65 on 13-May-2022. Last one week high and low of the scr...
Maruti Suzuki India rides high on reporting 42% rise in Q4 consolidated net profit
Maruti Suzuki India rides high on reporting 42% rise in Q4 consolidated net profit
Source: Accord Fintech
27/04/2023 3:35:10 PM
Maruti Suzuki to add 1 mn unit capacity, logs PAT of Rs 80,492 million Passenger car major Maruti Suzuki India Ltd on Wednesday decided to expand its production capacity by one million units as its current capacity is fully utilised. The decision to expand the capacity has been approved by the company board at its meeting while approving the audited accounts for the year 2022-23. According to a regulatory filing, Maruti Suzuki said it has a total production capacity of 13 million units in Manesar and Gurugram. In addition, the Company is supplied vehicl...
Maruti Suzuki to add 1 mn unit capacity, logs PAT of Rs 80,492 million
Maruti Suzuki to add 1 mn unit capacity, logs PAT of Rs 80,492 million
Source: IANS
26/04/2023 3:59:36 PM
India`s top carmaker Maruti posts 43% rise in Q4 profit, beats view Maruti Suzuki India Ltd on Wednesday reported a 42.7% surge in its fourth-quarter profit, beating estimates as the country's biggest carmaker benefited from strong demand for passenger cars. The company, which has an over-40% market share in the passenger vehicles segment, posted a profit of 26.24 billion rupees ($321.2 million) for the quarter ended March 31, compared to 18.39 billion rupees a year ago. Maruti also said its board approved creation of additional capacity of up to on...
India`s top carmaker Maruti posts 43% rise in Q4 profit, beats view
India`s top carmaker Maruti posts 43% rise in Q4 profit, beats view
Source: Reuters
26/04/2023 3:20:33 PM
Maruti Suzuki gains on upgrading entire range of vehicles to meet stricter emission norms Maruti Suzuki India is currently trading at Rs. 8520.75, up by 39.45 points or 0.47% from its previous closing of Rs. 8481.30 on the BSE. The scrip opened at Rs. 8510.00 and has touched a high and low of Rs. 8542.95 and Rs. 8460.00 respectively. So far 2962 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7062.65 on 13-May-2022. Last one week high and low of the scr...
Maruti Suzuki gains on upgrading entire range of vehicles to meet stricter emission norms
Maruti Suzuki gains on upgrading entire range of vehicles to meet stricter emission norms
Source: Accord Fintech
26/04/2023 11:47:24 AM
Maruti Suzuki trades higher on the BSE Maruti Suzuki India is currently trading at Rs. 8730.10, up by 49.80 points or 0.57% from its previous closing of Rs. 8680.30 on the BSE. The scrip opened at Rs. 8650.05 and has touched a high and low of Rs. 8740.00 and Rs. 8650.05 respectively. So far 15512 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7062.65 on 13-May-2022. Last one week high and low of the sc...
Maruti Suzuki trades higher on the BSE
Maruti Suzuki trades higher on the BSE
Source: Accord Fintech
20/04/2023 2:30:26 PM
Maruti Suzuki inches up on launching upgraded light commercial vehicle `Super Carry` Maruti Suzuki India is currently trading at Rs. 8675.15, up by 2.40 points or 0.03% from its previous closing of Rs. 8672.75 on the BSE. The scrip opened at Rs. 8807.05 and has touched a high and low of Rs. 8821.65 and Rs. 8650.00 respectively. So far 26029 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7062.65 on 13-May-2022. Last one week high and low of the scr...
Maruti Suzuki inches up on launching upgraded light commercial vehicle `Super Carry`
Maruti Suzuki inches up on launching upgraded light commercial vehicle `Super Carry`
Source: Accord Fintech
17/04/2023 2:24:13 PM
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge India's passenger vehicle sales hit a record high in the fiscal year 2022-23, as chip shortages eased and customers shelled out more money for sport utility vehicles (SUVs), an auto industry body said on Thursday. Automakers have sharpened their focus on producing SUVs, driven by consumer demand despite inflation trending higher through the year. Meanwhile, sales of entry-level vehicles continued to see challenges. Sales of SUVs, which made up more than 50% of total passenger vehicl...
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge
India`s passenger vehicle sales hit record high in FY23 on SUV demand surge
Source: Reuters
13/04/2023 1:40:05 PM
Maruti Suzuki India rises on signing MoU with IDFC FIRST Bank Maruti Suzuki India is currently trading at Rs. 8649.05, up by 25.15 points or 0.29% from its previous closing of Rs. 8623.90 on the BSE. The scrip opened at Rs. 8668.95 and has touched a high and low of Rs. 8688.00 and Rs. 8618.15 respectively. So far 2291 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 9768.65 on 31-Oct-2022 and a 52 week low of Rs. 7062.65 on 13-May-2022. Last one week high and low of the scr...
Maruti Suzuki India rises on signing MoU with IDFC FIRST Bank
Maruti Suzuki India rises on signing MoU with IDFC FIRST Bank
Source: Accord Fintech
13/04/2023 1:00:02 PM
1 in 4 cars sold in India now has embedded cellular connectivity, Baleno leads  India's connected car sales almost doubled in 2022 with around one in four cars having in-built cellular connectivity and services to enhance in-vehicle digital experience, a report showed on Tuesday. Maruti Suzuki's Baleno was the best-selling connected car model in 2022, while MG, Hyundai, Kia and Tata Motors led in terms of connected car models' share in their portfolios. Launched in 2019 with a price of less than Rs 20 lakh with over 50 features, MG's Hector wa...
1 in 4 cars sold in India now has embedded cellular connectivity, Baleno leads
1 in 4 cars sold in India now has embedded cellular connectivity, Baleno leads
Source: IANS
11/04/2023 5:57:13 PM
Stock Picks : Maruti Suzuki India Ltd and Bajaj Finance Ltd By ICICI Direct Maruti Suzuki India Ltd Buy Maruti Suzuki India Ltd CMP 8516.65; Initiation Range8512-8518; Target 8586.00; Stop Loss 8473.00   Bajaj Finance Ltd Buy Bajaj Finance Ltd CMP 1303.95; Initiation Range1299-1303; Target 1318.00; Stop Loss 1290.80     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Reg...
Stock Picks : Maruti Suzuki India Ltd and Bajaj Finance Ltd By ICICI Direct
Stock Picks : Maruti Suzuki India Ltd and Bajaj Finance Ltd By ICICI Direct
Source: ICICI Direct
10/04/2023 10:36:11 AM
India`s March two-wheeler sales rise on festive demand, commercial vehicles pre-buying `above estimates` India's top two-wheeler manufacturers saw a rise in domestic sales in March, spurred by festive demand, while commercial vehicle sales continued to grow on pre-buying ahead of the implementation of tighter fuel emission norms. Volume growth for the final month of the fiscal year indicates healthy demand during the festive season and higher dispatches before the transition to new emission norms, analysts at Motilal Oswal said in a note. These norms, which were implemented on April 1,...
India`s March two-wheeler sales rise on festive demand, commercial vehicles pre-buying `above estimates`
India`s March two-wheeler sales rise on festive demand, commercial vehicles pre-buying `above estimates`
Source: Reuters
3/04/2023 5:39:24 PM
Maruti Suzuki India to hike prices to pass on input cost pressures Maruti Suzuki India Ltd said on Thursday it would raise prices across models come April, as high domestic inflation and new emission norms pressure the country's top car maker. The unit of Japan's Suzuki Motor did not say how much prices of cars would go up by, or which models will be impacted. Maruti joins rival Tata Motors and two-wheeler maker Hero Motocorp, who have also said they would raise prices by 5% and 2% respectively, as they grapple with increased costs to meet new ...
Maruti Suzuki India to hike prices to pass on input cost pressures
Maruti Suzuki India to hike prices to pass on input cost pressures
Source: Reuters
23/03/2023 2:07:26 PM