Tuesday , October 19 2021

Maruti Suzuki surges on eyeing for CNG, hybrid cars to reduce oil imports

Maruti Suzuki India is currently trading at Rs. 5678.10, up by 104.00 points or 1.87% from its previous closing of Rs. 5574.10 on the BSE.

The scrip opened at Rs. 5547.00 and has touched a high and low of Rs. 5699.30 and Rs. 5479.00 respectively. So far 48928 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 9470.00 on 29-Aug-2018 and a 52 week low of Rs. 5447.00 on 31-Jul-2019.

Last one week high and low of the scrip stood at Rs. 5788.00 and Rs. 5447.00 respectively. The current market cap of the company is Rs. 168167.97 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 36.61% and 7.18% respectively.

In a bid to cut oil imports and reduce air pollution, Maruti Suzuki India is eyeing for all kinds of green technologies, including CNG and hybrid cars.

The company had started in this direction many years ago with the introduction of factory-fitted CNG vehicles. The production of such cars increased by 40 per cent in 2018-19 and this year is targeted to increase by near 50 percent. The company is fully committed to helping the government’s programme for reducing the consumption of oil and achieving cleaner environmental.

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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