|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||8,845.15 - 8,963.00|
|52-week range||6,536.55 - 9,769.00|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||36.99|
|Earnings date||24 Jan 2023|
|Forward dividend & yield||60.00 (0.68%)|
|Ex-dividend date||03 Aug 2022|
|1y target est||10,238.30|
BENGALURU (Reuters) -Maruti Suzuki India Ltd beat quarterly profit estimates and reported improved margins on Tuesday as the country's biggest carmaker benefitted from strong demand for its passenger cars, helped by festive sales. Profit for Maruti, which has over 40% market share in the country's passenger vehicles segment, more than doubled to 23.51 billion rupees ($288.5 million) in the quarter ended Dec. 31, from 10.11 billion rupees a year ago. Maruti's results are seen as a key indicator of private consumption in the country, with the auto sector carrying more than 50% weightage in calculating the country's economic growth.
GREATER NOIDA, India (Reuters) -Suzuki Motor Corp's Indian unit showcased a concept electric sport utility vehicle (SUV) at India's biennial car show on Wednesday, with the Japanese car maker's president saying the car would be launched in 2025. The mid-sized vehicle, known as the 'eVX', will be powered by a 60 kWh battery pack offering up to 550 kilometres of driving range, according to Maruti Suzuki India.
Indian car makers have proposed cutting to 30% the tax rate on imported cars as part of a trade deal with Britain, sources told Reuters, an unprecedented move that could ease access to one of the world's most protected automobile markets. It is the first time Indian car makers have backed such cuts, caving to pressure from a government that wants them to give up their protectionist position and lower entry barriers, sources with direct knowledge of the matter said. Lobby group the Society of Indian Automobile Manufacturers (SIAM) has written to the government backing phased cuts to 30% over five years, following a grace period of five years with none, three sources said, speaking on condition of anonymity.