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Maruti Suzuki India Limited (MARUTI.NS)

NSE - NSE Real-time price. Currency in INR
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10,585.70-23.00 (-0.22%)
At close: 03:29PM IST
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  • Reuters

    India's small car sales may rebound in 2-3 years - Maruti Suzuki exec

    BENGALURU (Reuters) -Sales of small cars may bounce back in two-to-three years once consumers' income levels increase, Maruti Suzuki India's chairman said on Friday, after the carmaker smashed quarterly profit estimates thanks to strong sales of larger and pricier vehicles. "Without growth at the entry level and the small car market in a market like India, sustained high levels of growth in the car industry are very unlikely," Maruti Chairman R.C. Bhargava said in a post-earnings media call. Small car sales in India used to comprise 85% of overall passenger vehicle sales in fiscal 2019, but a COVID-triggered supply chain crunch and regulatory changes ramped up input costs, making these models unaffordable.


    Maruti Suzuki shares see moderate rise amid increased trading volume

    Maruti Suzuki India Ltd., a leading entity in the Indian automotive sector, experienced a modest increase in its share price on Monday. The shares rose by 0.47% to 10,586.25 Indian rupees in a trading session that proved favorable for the stock market overall. This was accompanied by a surge in the company's trading volume, which reached 21,249, exceeding its 50-day average volume of 17,143.