Maruti Suzuki trades higher as it is scaling capabilities!

The company has over 25 million customers and is consistently evolving to adapt to the changing needs of customers        

Joy of Mobility 

Maruti Suzuki India (MSIL) has been scaling up its capabilities not just in providing customer-centric products, but also by offering holistic services to customers to provide ‘Joy of Mobility’ to all. Backed by the assurance of over 25 million customers, the Company’s value-added initiatives such as Smart Finance, Subscribe and Rewards have registered remarkable growth in FY23, thanks to great customer acceptance.

These initiatives are consistently evolving to adapt to the changing needs of customers and redefine the automotive experience for car buyers in India. In the financial year gone by, Maruti Suzuki Subscribe registered a Y-o-Y growth of 292% in car subscriptions. Catering to rising demand, its presence was extended to 25 cities, with 5 leasing partners, 2 of these new leasing partners were onboarded in FY2022-23.  

Share price movement of Maruti Suzuki Limited     

Today, the stock opened at Rs 8650.05, with a high and low of Rs 8740.00 and Rs 8650.05. The stock closed trading at Rs 8720.30, up by 0.46%. 

The stock has a 52-week high of Rs 9768.65 and a 52-week low of Rs 7062.65. The company has a market capitalisation of Rs 2,63,422.87 crore.       

Company profile 

The Company was established in 1981. A joint venture agreement was signed between the Government of India and Suzuki Motor Corporation (SMC), Japan in 1982. The company became a subsidiary of SMC in 2002. It is the market leader in the passenger vehicle segment in India. In terms of production volume and sales, the company is now SMC’s largest subsidiary. SMC currently holds 56.28% of its equity stake. The principal activities of the company are the manufacturing, purchase and sale of motor vehicles, components and spare parts.