Previous close | 11,476.70 |
Open | 11,542.10 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 11,456.15 - 11,679.95 |
52-week range | 8,140.00 - 11,730.00 |
Volume | |
Avg. volume | 579,823 |
Market cap | 3.646T |
Beta (5Y monthly) | 0.55 |
PE ratio (TTM) | 29.14 |
EPS (TTM) | 397.96 |
Earnings date | 31 Jan 2024 |
Forward dividend & yield | 90.00 (0.77%) |
Ex-dividend date | 03 Aug 2023 |
1y target est | 11,781.60 |
BENGALURU (Reuters) -Maruti Suzuki India, the country's top carmaker by sales, is facing some logistical challenges due to traffic disruption in the Red Sea, a company executive said on Wednesday. "The time of dispatches may change and there may be some uncertainty in vessels coming and picking up their consignments," Rahul Bharti, Maruti's investor relations chief, said in a post-earnings analyst call. Attacks by Yemen's Houthi militants on merchant ships in the Red Sea and retaliatory U.S. strikes have ratcheted up tensions in the Middle East, forcing companies to reroute shipments as they face delays and boosted rates.
Maruti Suzuki India, the country's top car maker, on Tuesday hiked prices of its models by 0.45%, far lower than its hike in January last year, signalling a slowdown in the demand for its cars. Maruti and its peers had said towards the end of 2023 that they planned to hike prices from January due to increased commodity costs. The company, majority owned by Japan's Suzuki Motor has struggled with sluggish sales in the small car segment, as the income levels of its traditional customers failed to keep pace with the escalating prices of goods ranging from cars to consumer products.
Japan's Toyota Motor will in a couple of years globally launch vehicles with solid-state batteries that charge faster and last longer, an executive said on Thursday at an investment summit in India. Solid-state batteries promise to dramatically improve the driving range of electric vehicles (EVs), a key element of a strategic pivot Toyota unveiled in June to make up ground lost to Tesla and Chinese rivals, such as BYD, in the EV race. Last year, Toyota and oil refiner Idemitsu Kosan said they would tie up to develop and mass produce all-solid-state batteries, which they aim to commercialise in 2027 and 2028, followed by full-scale mass production.