Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
14387.05
186.35 (1.31%)
< Home < Back

Maruti Suzuki speeds up on hiking prices of various models by up to Rs 20,000

Date: 02-08-2016

Maruti Suzuki India is currently trading at Rs. 4970.00, up by 100.20 points or 2.06% from its previous closing of Rs. 4869.80 on the BSE.

The scrip opened at Rs. 4890.10 and has touched a high and low of Rs. 5000.00 and Rs. 4880.00 respectively. So far 23415 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5000.00 on 02-Aug-2016 and a 52 week low of Rs. 3202.10 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 5000.00 and Rs. 4460.00 respectively. The current market cap of the company is Rs. 147106.95 crore.

The promoters holding in the company stood at 56.21%, while institutions and non-institutions held 37.18% and 6.62% respectively.

Country’s largest carmaker, Maruti Suzuki India has hiked prices of its various models by up to Rs 20,000. The increase in price for the newly launched compact SUV Vitara Brezza will be Rs 20,000 while that of new premium hatchback Baleno is Rs 10,000. This price increase is effective from August 01, 2016.

On a select range, the price hike will be between Rs 1,500 and Rs 5,000. The company sells a range of models starting from hatchback Alto 800 to premium crossover S-Cross, priced Rs 2.45 lakh to Rs 12.03 lakh (ex-showroom Delhi).

This price revision is based on factors like segment wise demand, Forex movements and strategic objectives of the company.