In this article, we will look into the top 20 most valuable Indian companies. If you want to skip our detailed analysis, you can go directly to the Top 5 Most Valuable Indian Companies. An Outlook of the Indian Economy According to Deloitte’s Indian Economic Outlook 2023, The Indian economy is poised to emerge as […]
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 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.