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Maruti Suzuki gains on tying-up with Dena Bank for vehicle financing

Maruti Suzuki India Ltd. | Automobiles - Passenger Cars | Automobiles | BSE: 532500 | NSE: MARUTI

29 May 2017 Evaluate

Maruti Suzuki India is currently trading at Rs. 7145.00, up by 71.65 points or 1.01% from its previous closing of Rs. 7073.35 on the BSE.

The scrip opened at Rs. 7072.00 and has touched a high and low of Rs. 7154.05 and Rs. 7032.00 respectively. So far 18,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 7154.05 on 29-May-2017 and a 52 week low of Rs. 3868.10 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 7154.05 and Rs. 6681.45 respectively. The current market cap of the company is Rs. 2,15,836.00 crore.

The promoters holding in the company stood at 56.21%, while Institutions and Non-Institutions held 36.82% and 6.98% respectively.

Maruti Suzuki India (MSI) has tied-up with Dena Bank for vehicle financing in personal as well as commercial segments. The Bank expects a sustainable growth in auto loan segment with this tie-up. The Bank has also recently introduced auto dealers pay out scheme.

Besides, the company is targeting to sell 3 lakh units of vehicles equipped with different automatic transmission technologies by 2020. The company currently sells around 94,000 units per annum of vehicles with AGS (automated gear shift), AT (automatic) and CVT (continuously variable transmission).

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.

Maruti Suzuki Share Price

13411.80 -46.50 (-0.35%)

22-Apr-2026 12:15 View Price Chart

Peers

Company Name	CMP
Tata MotorsPassenger	365.25
Maruti Suzuki	13411.80
Mahindra & Mahindra	3199.00
Hyundai Motor India	1871.05
Mercury Metals	34.93
View more..

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Maruti Suzuki gains on tying-up with Dena Bank for vehicle financing

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