Maruti Suzuki shines on plans to add more models with CNG options

Maruti Suzuki is currently trading at Rs. 946.90, up by 6.20 points or 0.66% from its previous closing of Rs. 940.70 on the BSE.

The scrip opened at Rs. 940.80 and has touched a high and low of Rs. 947.20 and Rs. 931.10 respectively. So far 30,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1599.90 on 01-Nov-2010 and a 52 week low of Rs. 910.00 on 18-Nov-2011.

Last one week high and low of the scrip stood at Rs. 1071.70 and Rs. 910.00 respectively. The current market cap of the company is Rs. 27,356.00 crore.

The promoters holding in the company stood at 54.21% while Institutions and Non-Institutions held 36.94% and 8.85% respectively.

Maruti Suzuki, country’s largest carmaker is planning to add more models with eco-friendly CNG option to its existing fleet of five such cars however, the company did not mention further details such which are the models and when the company is likely to roll out the eco-friendly variants.

At present, the company offers five models in CNG options -- compact cars Alto, WagonR and Estilo, multi-purpose van Eeco, and sedan SX4. The five models with CNG option launched by Maruti Suzuki have been received well by customers in areas where the fuel is available.

Besides, the company is also working on to offer hybrid and electric vehicles to Indian customers at an affordable rate. The Hybrid SX4 offers 25% more fuel efficiency compared to conventional petrol vehicles.

Car market leader - Maruti Suzuki (India) sold a total of 55,595 vehicles, down by 53.20% as compared to 118,908 vehicles in October 2010. This includes 4,137 units of exports during the month.