Maruti Suzuki India Ltd - Stock Valuation and Financial Performance

BSE: 532500 | NSE: MARUTI | Automobiles - Passenger Cars | Large Cap

Maruti Suzuki Share Price

11,566.20 -69.35 -0.60%
as on 19-Mar'24 11:28

DeciZen - make an informed investing decision on Maruti Suzuki

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Maruti Suzuki India stock performance -

mw4me loader
P/E Ratio (CD):
30.07
Market Cap:
3,65,824.7 Cr.
52-wk low:
8,127.1
52-wk high:
11,725

Is Maruti Suzuki India Ltd an attractive stock to invest in?

1. Is Maruti Suzuki India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Maruti Suzuki India Ltd is a good quality company.

2. Is Maruti Suzuki India Ltd undervalued or overvalued?

The key valuation ratios of Maruti Suzuki India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Maruti Suzuki India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Maruti Suzuki India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Maruti Suzuki:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Maruti Suzuki India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13%14.7%20.5%22.2%20.5%17.5%11.8%8.7%7.2%13.8%-
Value Creation
Index
0.20.30.81.00.80.60.1-0.2-0.40.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 44,54250,80157,58968,08579,80986,06975,66070,37288,3301,17,5711,29,054
Sales YoY Gr.-14.1%13.4%18.2%17.2%7.8%-12.1%-7%25.5%33.1%-
Adj EPS 90.7112.8187.4249.2264.2258.6185.6145.6126.2267387
YoY Gr.-24.4%66.1%33%6%-2.1%-28.2%-21.6%-13.3%111.5%-
BVPS (₹) 711.8805.31,013.81,227.71,409.31,559.31,636.21,738.41,832.22,046.12,601.3
Adj Net
Profit
2,7413,4085,6617,5287,9827,8115,6064,3973,8128,06412,167
Cash Flow from Ops. 4,9956,4498,48310,28211,7886,6013,4968,8561,8419,251-
Debt/CF from Ops. 0.40.100.10000.10.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.4%8.1%15.8%33.1%
Adj EPS 12.7%0.2%12.9%111.5%
BVPS12.5%7.7%7.7%11.7%
Share Price 20% 11.1% 17.6% 39.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.514.920.622.220.117.411.68.67.113.816.7
Op. Profit
Mgn %
12.613.715.815.315.313.19.77.76.69.412.1
Net Profit
Mgn %
6.16.79.811.1109.17.46.34.36.99.4
Debt to
Equity
0.1000000000-
Working Cap
Days
5144433936364144434118
Cash Conv.
Cycle
-18-19-24-28-31-28-21-26-25-18-11

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.70%

Sales growth is growing at healthy rate in last 3 years 15.83%

Net Profit is growing at healthy rate in last 3 years 12.88%

Sales growth is good in last 4 quarters at 20.41%

No data to display

Latest Financials - Maruti Suzuki India Ltd.

Standalone Consolidated
TTM EPS (₹) 380.3 387
TTM Sales (₹ Cr.) 1,29,062 1,29,054
BVPS (₹.) 2,553 2,601.3
Reserves (₹ Cr.) 80,109 81,627
P/BV 4.56 4.47
PE 30.60 30.07
From the Market
52 Week Low / High (₹) 8127.05 / 11725.00
All Time Low / High (₹) 156.10 / 11725.00
Market Cap (₹ Cr.) 3,65,825
Equity (₹ Cr.) 157.2
Face Value (₹) 5
Industry PE 27

Management X-Ray of Maruti Suzuki:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Maruti Suzuki

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales44,54250,80157,58968,08579,80986,06975,66070,37288,3301,17,571
Operating Expenses 39,24743,95748,70057,72767,74675,06568,34765,02082,6241,06,554
Manufacturing Costs3,3953,6764,3664,7504,9035,8374,8954,0984,1715,706
Material Costs31,85335,61538,70646,74254,98659,55853,16350,82466,04486,251
Employee Cost 1,4241,6712,0002,3602,8633,2853,4163,4324,0514,635
Other Costs 2,5752,9963,6283,8754,9946,3856,8736,6678,3579,963
Operating Profit 5,2956,8448,88910,35812,06311,0037,3135,3525,70611,018
Operating Profit Margin (%) 11.9%13.5%15.4%15.2%15.1%12.8%9.7%7.6%6.5%9.4%
Other Income 7398651,4812,2902,0462,5623,3342,9361,7452,141
Interest 185218828934676134102127187
Depreciation 2,1162,5152,8222,6042,7603,0213,5283,0342,7892,826
Exceptional Items 0000000000
Profit Before Tax 3,7344,9767,58510,12711,16710,6247,1035,3214,69710,323
Tax 9021,1852,0882,6163,2862,9731,4259328182,112
Profit After Tax 2,8323,7915,4977,5117,8817,6515,6784,3893,8808,211
PAT Margin (%) 6.4%7.5%9.5%11.0%9.9%8.9%7.5%6.2%4.4%7.0%
Adjusted EPS (₹)94.5126.1182.0248.7260.9253.3188.0145.3128.5271.9
Dividend Payout Ratio (%)13%20%19%30%31%32%32%31%47%33%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 21,49624,31830,61637,07542,55947,09249,41352,50155,33461,791
Share Capital 151151151151151151151151151151
Reserves 21,34524,16730,46536,92442,40846,94149,26252,35055,18361,640
Minority Interest12131415161819000
Debt1,865331774841211581124923821,216
Long Term Debt627278001085300
Short Term Debt1,23853774841111501064893821,216
Trade Payables4,9995,5147,4098,36910,4999,6387,49910,1689,76511,786
Others Liabilities 3,1034,3014,6096,0177,0537,0646,5858,2169,0349,525
Total Liabilities 31,47634,47742,72651,96160,24863,96963,62871,37674,51484,318

Fixed Assets

Gross Block23,10526,90215,34318,68021,45826,36529,76831,51632,54739,022
Accumulated Depreciation12,07114,4122,8135,3708,06910,92814,02416,52718,80021,191
Net Fixed Assets11,03412,49012,53013,31113,38915,43715,74414,98913,74717,830
CWIP 2,6401,8901,0071,2522,1321,6071,4151,4972,9372,904
Investments 10,52713,29820,67629,15136,12337,50437,48842,94542,03549,184
Inventories1,7632,7453,1333,2643,1603,3233,2143,0493,5324,284
Trade Receivables1,4891,1441,3231,2031,4652,3131,9781,2802,0353,301
Cash Equivalents 64943512474188293,0473,04242
Others Assets3,3742,8674,0073,7573,9053,5983,7604,5707,1876,772
Total Assets 31,47634,47742,72651,96160,24863,96963,62871,37674,51484,318

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4,9956,4498,48310,28211,7886,6013,4968,8561,8419,251
PBT 3,7344,9767,58510,12711,16710,6247,1035,3214,69710,323
Adjustment 1,3771,8031,3502868694364012101,135788
Changes in Working Capital 742745146021922808-1315-25704337-2813373
Tax Paid -858-1,075-1,912-2,323-3,056-3,144-1,438-1,011-1,178-2,233
Cash Flow From Investing Activity -4,997-4,491-7,230-9,173-8,302-3,540-557-7,291-239-8,036
Capex -3,536-3,173-2,635-3,375-3,885-4,702-3,400-2,328-3,323-6,248
Net Investments -1,710-1,524-4,673-5,848-4,5051,0292,743-5,0332,907-1,989
Others 24920678498813310070177200
Cash Flow From Financing Activity -74-2,004-1,237-1,129-3,436-2,948-3,104-1,545-1,607-1,213
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 5-172-277-1541000000
Interest Paid -170-222-92-110-347-73-136-102-130-186
Dividend Paid -242-363-755-1,057-2,266-2,417-2,417-1,813-1,359-1,813
Others 333-1,247-112191-834-458-552369-118785
Net Cash Flow -76-4516-2150113-16520-62
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)13.9716.5520.0122.1919.7917.0711.778.617.214.02
ROCE (%)17.7721.4227.4629.8728.723.814.9610.588.8717.7
Asset Turnover Ratio1.691.71.691.631.521.451.261.091.261.53
PAT to CFO Conversion(x)1.761.71.541.371.50.860.622.020.471.13
Working Capital Days
Receivable Days119766810878
Inventory Days13151615141315151312
Payable Days53546162636259635546

Maruti Suzuki India Ltd Stock News

Maruti Suzuki India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Maruti Suzuki on 19-Mar-2024 11:28 is ₹11,566.2.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 11:28 the market cap of Maruti Suzuki stood at ₹3,65,824.7.
The latest P/E ratio of Maruti Suzuki as of 19-Mar-2024 11:28 is 30.60.
The latest P/B ratio of Maruti Suzuki as of 19-Mar-2024 11:28 is 4.56.
The 52-week high of Maruti Suzuki is ₹11,725 and the 52-week low is ₹8,127.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maruti Suzuki is ₹1,29,062 ( Cr.) .

About Maruti Suzuki India Ltd

The Company, formerly known as Maruti Udyog Limited, was incorporated as a joint venture between the Government of India and Suzuki Motor Corporation, Japan in February, 1981. Presently, Suzuki Motor Corporation owns equity of more than 50%. The Company became a subsidiary of SMC in 2002.

Experiences fuelled by innovations, forward thinking, and a commitment to bring the very best to Indian roads. From the day the iconic Maruti 800 was launched in 1983, the company has been spearheading a revolution of change. Turning an entire country’s need for driving, into its love for driving.

However, tastes and demands keep on evolving with each new generation of Indians. This has not been looked at by Maruti Suzuki as a challenge, but as an inspiration to go beyond traditional boundaries of car-making. Infusing design and technology is one such step it has taken to make its cars meet new age expectations smoothly.

Business area of the company

The Company is engaged in the business of manufacturing and sale of passenger vehicles in India. Making a small beginning with the iconic Maruti 800 car, Maruti Suzuki today has a vast portfolio of many car models with large number of variants. Maruti Suzuki’s product range extends from entry level small cars like Alto 800, Alto K10 to the luxury sedan Ciaz. Other activities include facilitation of pre-owned car sales fleet management, car financing. The Company has manufacturing facilities in Gurgaon and Manesar in Haryana and a state of the art R&D centre in Rohtak, Haryana.

Awards

2008

  • Maruti won “Car Manufacturer of the Year” at NDTV Awards
  • Maruti Suzuki awarded “Manufacturer of the Year” (Passenger Car category) at Auto Monitor Awards
  • Maruti Suzuki gets Excellent Partner Award from Indian Army on its Diamond Jubilee Celebration, in automobile category for car supply under CSD scheme.
  • Maruti Suzuki ranked at 77th position in the annual World’s Most Reputed Company Survey-2008, 4th in the passenger car sector.
  • In the TNS Corporate Reputation Index Maruti Suzuki stood fifth in the all India ratings. In auto sector, Maruti Suzuki topped the ratings

2009

  • Maruti Suzuki won Manufacturer of the year award at CNBC TV18 Overdrive awards.
  • Maruti Suzuki won the Golden Peacock award
  • Maruti Suzuki adjudged No.1 Company in SSI study 2009 by JD Power Asia pacific
  • Maruti Suzuki adjudged as the Most Preferred Car Brand at the CNBC AWAAZ 2009
  • Gold for Maruti Suzuki at the India Manufacturing Excellence Awards (IMEA) 2009.
  • ICSI National Award for Excellence in Corporate Governance.
  • Business Standard Motoring Car of the year 2010: Maruti Suzuki Ritz.

2010

  • CNBC Overdrive Award: Manufacturer of the Year
  • Auto Build Award: Best Advertising Award
  • Maruti Suzuki Ranks Highest in JD Power SSI
  • Maruti Suzuki wins NASSCOM & CNBC TV 18 IT User Award
  • Maruti Suzuki receives “Significant Achievement in Sustainability” with “Certificate of Commendation for Significant Achievement on the journey towards Sustainable Development” in CII-ITC Sustainability Awards 2010
  • Gold at IDPA- for the best edited TVC for SX4 ‘After You’ ad
  • I-Serial campaign on ibibo.com: Bronze in the internationalist Awards for Innovative Digital Marketing Solutions
  • Maruti Suzuki was ranked among the top 10 “Most admired companies” from India by Wall Street Journal

2011

  • Maruti Suzuki won Manufacturer of the year award at CNBC-TV18 Awards 2011
  • Corporate Campaign “Kitna Deti Hai” rated amongst the best campaigns of the year 2010 by CNBC-TV18’s program on Advertising & Marketing
  • NHRDN Trailblazer Award 2010 for HRD Excellence
  •  “Hall of Fame” award for single handedly changing the face of Indian automobile Industry
    Business Standard Company of the Year 2011
  • Maruti Suzuki was ranked fourth in an Index of thought leaders in India published by London-based communication agency- Globe scan

2012

  • Maruti Suzuki wins the Business World International Business Awards 2012 (Exports Auto and Engineering Category)
  • Maruti Suzuki wins Golden Peacock Award 2012 for ‘Occupational Health & Safety’ performance in Automobile Sector
  • Customers rated Maruti Suzuki highest with a score of 879 points in the J.D. Power Asia Pacific 2012 India Customer Service Index (CSI) Study for the 13th consecutive year

2013

  • Maruti Suzuki ranked third in the list of the 100 most successful and influential companies in India listed by TLG Partners, a London-based consultancy that advises companies on how to build their reputation and shareholder value
  • Won the prestigious ‘Golden Peacock National Training Award -2012’ for its excellence in training practices and expertise in unique & innovative ways to address the training & development challenges
  • Maruti Suzuki bagged the prestigious Platinum Award from Greentech Foundation in recognition for its outstanding achievement in the category of “Best HR Strategy'
  • Maruti Suzuki has been awarded 12th Annual Greentech Safety award-2013. This award is given for Best safety practices.
  • Maruti Suzuki receives CII - EXIM Bank Award-2013 for Business Excellence
  • Maruti Suzuki India Ltd was honoured with the 1st position for the significant achievement in “Excellence in Suggestion Scheme 2013” organized by INSSAN
  • Maruti Suzuki received Best CSR Award 2013 by the World CSR Congress
  • Maruti Suzuki received Best Sustainability Report Award 2013 by the World CSR Congress
  • Maruti Suzuki won Golden Peacock Occupational Health & Safety award-2014

2015

  • Maruti Suzuki Alto emerged as ‘World’s best-selling small car’ for 2014
  • Maruti Suzuki bagged ‘Hall of the Fame’ at NDTV Car & Bike Awards, for its consistent performance for last 10 years
  • Maruti Suzuki got CSR award for Driving Safety at Autocar India Awards
  • Maruti Suzuki and Hero MotoCorp share the trophy for the PCRA Green Award at NDTV Car & Bike Awards
  • Maruti Suzuki won the ‘Golden Peacock Award’ for Corporate Social Responsibility (CSR) in Automobile Sector
  • Maruti Suzuki bagged silver trophy for the category ‘Best Private Organization Training Program’ at ASSOCHAM’s Summit-cum-Awards on Skilling India

2016

  • Award for winning Customer Satisfaction Index (CSI) for the 16th time in a row
  • Maruti Suzuki bags Silver Trophy for Training & Skill Development at ASSOCHAM’s summit-cum-awards on Skilling India 2016.
  • Maruti Suzuki won BML Munjal Award 2016 in the category of Private Sector (manufacturing).
  • SMC Awards 2015 awarded to Maruti Suzuki’s SHVS and Baleno Team
  • Maruti Suzuki bags Prestigious Golden Peacock Training Award 2016
  • Maruti Suzuki have received the eminent Dun & Bradstreet Corporate awards in the Automobiles category
    No.1 in JD Power Customer Satisfaction Index for the 17th time
  • Maruti Suzuki was awarded with ‘Corporate Excellence - Commendation of Significant Achievement’ Certificate at the prestigious CII-ITC Sustainability Award 2016 for its CSR initiatives.

2017

  • Maruti Suzuki selected Automobile Manufacturer of the Year at BTVi’s “The Auto Show - Car India & Bike India Awards 2017”.
  • Gold Exceed Award 2017 recognizes excellence in Occupational Health and Safety in the automobile sector. Maruti Suzuki was honoured for achieving high standards of safety, health and environment at workplace.
  • Maruti Suzuki bags prestigious Golden Peacock Training Award second time in a row!

2018

  • The all-new Swift awarded Indian Car of the Year (ICOTY) 2019
  • Maruti Suzuki receives ‘Commendation for Significant achievement’ at CII-ITC Sustainability Awards’18

Milestones

2000

  • Maruti alto launched.First car company in India to launch call centre.IDTR launched jointly with the Delhi government to promote safe driving habits.

2001

  • Turn around with profits Rs104.5 crore. Four new business-True value,Insurance,Finance.Maruti Versa launched.Maruti True Value launched.

2002

  • Divestment - Suzuki Motor Corporation(SMC)acquires majority stake in MUL.Maruti Finance & Insurance launched.

2003

  • Maruti gets listed on BSE and NSE.IPO(issue oversubscribed 11.2 times)New zen launched-first facelift by maruti engineers.

2004

  • A new esteem launched - second successful facelift by maruti engineers.

2005

  • MSIL was re-certified in 2005 as per ISO 14001:2004 standards.

2006

  • J.D.Power Survey award for the sixth year.MSIL has changed its EMS from ISO 14001:1996 version to ISO 14001:2004 version w.e.f.1st july

2007

  • Swift diesel launched.New car plant and the diesel engine facility commences operations during 2006-07 at manesar,Haryana.SX4-Luxury Sedan Launched with the tag line “Men are black”.Maruti launches Grand Vitara.

2008

World Premiere of concept A-star at 9th Auto Expo, New Delhi.

2009

  • MSIL adopts voluntary fuel disclosure.First shipment of A-star leaves Mundra Port-jan 10.A-star bags,Zigwheels”car of the year award”A-star rated best small car of the year-autocar-UTVi.

2010

  • Maruti Suzuki has been ranked India's most Trusted Brand in Automobile Sector by India's leading Business newspaper The Economic Times.

2011

  • On march 15, Maruti Suzuki India rolled out its 1 Crore (ten millionth) car.The historic 1 Crore car, a Metallic Breeze Blue coloured WagonR VXi (Chassis No 243899) rolled out from the Company's Gurgaon plant.
  • Maruti Suzuki India unveiled its much awaited sportier and stylish car, the all new 'Swift'.

2012

  • India's favourite car Maruti Suzuki Alto crosses the 20 Lakh sales mark

2013

  • Maruti Suzuki introduces stylish Stingray
  • Maruti Suzuki purchases land for 4th plant in Gujarat
  • Maruti Suzuki releases new Wagon R model
  • Maruti Suzuki introduces all new SX4 with improved fuel efficiency Price remains unchanged
  • Maruti Suzuki's Swift Dzire and Ertiga bag India Design Mark: Good Design Award 2013
  • Maruti Suzuki introduces ''Ertiga Green'' CNG model
  • Maruti Suzuki introduces stylish Stingray

2014

  • Maruti Suzuki unveils premium prowess with Concept CIAZ and Global SX4 S-CROSS
  • Maruti Suzuki announces global debut of ‘Celerio’ with revolutionary Auto Gear Shift
  • Indian Railways and Maruti Suzuki flag-off India’s First Flexi Deck Auto-Wagon rake
  • Maruti Suzuki introduces ‘Celerio Green’ with the acclaimed iGPI technology @ Rs 4.68 L
  • Maruti Suzuki commissions 1MW photovoltaic Solar Power Plant @ Manesar
  • Maruti Suzuki launches Ertiga Limited Edition to mark sales of 150,000 units
  • Maruti Suzuki launches special customer connect across its 3500 workshops through 'Monsoon Fit Check' to help its customers enhance driving safety.
  • Maruti Suzuki announces global debut of ‘Celerio’ with revolutionary Auto Gear Shift

2015

  • Maruti Suzuki Green Award for Fuel Efficiency Company bags four titles ast at NDTV Car & Bike Awards 2015
  • Maruti Suzuki launches NEXA: A New Premium Automotive Experience
  • Maruti Suzuki launches its first premium cross-over, S-CROSS -Maruti Suzuki introduces dual airbags and ABS on base models of Ciaz
  • Maruti Suzuki India - Global launch of Premium Hatchback Baleno

2016

  • Maruti Suzuki launches auto gear shift equipped DZire Diesel.
  • Maruti introduces Alto range with driver side airbag.
  • Maruti Suzuki Alto touches historic 30 lakh sales milestone.
  • Suzuki launches India-made Baleno in Japan.
  • Maruti Suzuki India - Important milestones for Maruti Suzuki's driving training initiatives.
  • Maruti crosses 15 lakh units milestone in cumulative exports.

2017

  • Maruti Suzuki unveils IGNIS Indias First Premium Urban Compact vehicle for the Millennials
  • Maruti Suzuki expands best-selling WagonR family with a VXi+ variant
  • Maruti Suzuki launches Ertiga Limited Edition
  • Maruti Suzuki inaugurates 4th Water ATM in Manesar, extends reach to 7000 households
  • Maruti Suzuki opens online booking for high-performance car Baleno RS
  • Maruti Suzuki opens online booking for high-performance car Baleno RS
  • Maruti Suzuki introduces sketch of the all new #DZIRE Global debut in May 2017

2018

  • Maruti Suzuki inaugurates Centre of Excellence (CoE) at Government Polytechnic, Manesar
  • Maruti Suzuki Japan-India Institute for Manufacturing (JIM) is now ISO 29990:2010 certified
  • Maruti Suzuki sets up Water ATM in Sarhaul village

2019

  • Maruti Suzuki strengthens the Alto portfolio with new fully loaded Alto VXI+
  • Maruti Suzuki Dzire becomes India’s No. 1 selling car
  • New IGNIS now with roof rails and safety features

2020

  • Maruti Suzuki ties up with IndusInd Bank to offer a range of finance options for customers
  • Maruti Suzuki’s mini SUV S-PRESSO now also in S-CNG BS6
  • Maruti Suzuki launches the all new powerful and stylish Vitara Brezza
  • Maruti Suzuki launches the All New IGNIS
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