Maruti Suzuki rides high on aiming to produce 20 lakh units in FY23

Maruti Suzuki India is currently trading at Rs. 8943.60, up by 107.55 points or 1.22% from its previous closing of Rs. 8836.05 on the BSE.

The scrip opened at Rs. 8841.00 and has touched a high and low of Rs. 8967.15 and Rs. 8841.00 respectively. So far 4761 shares were traded on the counter.

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Maruti Suzuki India

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 9195.00 on 02-Aug-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. 9195.00 and Rs. 8810.15 respectively. The current market cap of the company is Rs. 269675.93 crore.

The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 39.90% and 3.73% respectively.

Maruti Suzuki India is planning to increase its production and aims to produce 20 lakh units in the ongoing fiscal (FY23) with improving availability of semiconductors. The upcoming mid-sized SUV Grand Vitara will play a key role in the challenge to touch 20 lakh units.

In 2021-22, total sales of the company increased by 13.4 per cent to 16.52 lakh units. It had lost out on sales in the first quarter of the fiscal due to the pandemic and production being affected by the shortage of semiconductors, mainly for domestic models.

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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