Maruti Suzuki surges on planning to enhance market share in non-SUV space

Maruti Suzuki India is currently trading at Rs. 8503.50, up by 28.05 points or 0.33% from its previous closing of Rs. 8475.45 on the BSE.

maruti suzuki surges on eyeing for cng hybrid cars to reduce oil imports e1627878262707
maruti suzuki surges on eyeing for cng hybrid cars to reduce oil imports e1627878262707

The scrip opened at Rs. 8471.00 and has touched a high and low of Rs. 8521.50 and Rs. 8422.30 respectively. So far 27788 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 9022.00 on 10-Feb-2022 and a 52 week low of Rs. 6540.00 on 08-Mar-2022.

Last one week high and low of the scrip stood at Rs. 8699.80 and Rs. 8325.00 respectively. The current market cap of the company is Rs. 256274.15 crore.

The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 38.82% and 4.81% respectively.

Maruti Suzuki India (MSI) is planning to protect and enhance its market share in the non-SUV space while expanding its presence in the SUV segment, where it has been lagging behind the competition, as part of a twin-pronged strategy to safeguard its position in the auto sector.

The company currently has a market share of 67 percent in the non-SUV space, its highest in two decades, but lacks muscle in the fast-growing SUV segment with an overall market share hovering around 13 percent.

In the SUV segment, the company plans to launch new models, while in the non-SUV space comprising hatchbacks, sedans, and vans, it aims to bring in new features, technology, and aggressive design language.

Maruti Suzuki India (formerly known as Maruti Udyog) 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.

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