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Maruti Suzuki India Ltd (MSIL) is not contemplating any price raise, despite a 20-30 per cent surge in raw material prices in recent months. The country's largest car maker, which sells three out of every five compact cars in the domestic market wants to maintain its pricing edge by absorbing the rise in input costs, as rivals prepare to expand sales operations and launch new models.
Maruti's rivals like General Motors and Tata Motors, had earlier signalled that a rise in car prices was on cards. Prices of key raw materials like auto grade steel, rubber and copper have risen sharply over the last eight-nine months, compared to the same period last year. Auto component suppliers are also under pressure. Domestic steel makers have sounded out a hike in prices by three to five per cent in December.
Japanese car maker Toyota Motor Corporation is launching its much-publicised compact car, Etios, in India next January. The car is expected to be slotted in the space where Maruti's successful models like Swift and Ritz are sold. In addition, Ford India and Volkswagen are also expanding dealer network to extend the reach of their recently-launched compact cars, Figo and Polo. Both models enjoy an order backlog of more than three months. Nissan Motor India recently added a diesel variant of its Micra compact car, launched earlier this year. Almost 50 per cent of compact cars sold in India run on diesel engines.
However, Maruti would stick to its plan of launching one model every year, in addition to offering upgrades and face-lifts. The company is also working towards launching its new plant at Manesar to address the waiting period. MSIL is collectively investing more than Rs 3,600 crore for adding an annual capacity of half a million units, which would take its total capacity to 1.7 million units.
| Company Name | CMP |
|---|---|
| Maruti Suzuki | 12500.45 |
| Mahindra & Mahindra | 2713.00 |
| Mercury Metals | 68.00 |
| Hindustan Motors | 31.59 |
| Suzuki (India) | |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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