Maruti Suzuki India Ltd.

Maruti Suzuki India is currently trading at Rs 1539.00, up by 3.40 points or 0.22% from its previous closing of Rs 1535.60 on the BSE.

The scrip opened at Rs 1535.00 and has touched a high and low of Rs 1546.00 and Rs 1524.45 respectively. So far 13224 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 1773.45 on 20-May-2013 and a 52 week low of Rs 1065.00 on 21-Jun-2012.

Last one week high and low of the scrip stood at Rs 1551.35 and Rs 1431.00 respectively. The current market cap of the company is Rs 46431.22 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 34.96% and 8.83% respectively.

Maruti Suzuki India, country's largest car manufacturer, has decided to embark on its biggest-ever localization drive for component sourcing, in order to keep costs under check. Earlier, component vendors working for Maruti Suzuki have had to use steel and machine tools imported from Japan for making auto parts, which kept costs high for the car market leader.

The entity was not affected by these imports earlier, but now, with the depreciating rupee, Maruti Suzuki has been forced to go for localization.