Maruti Suzuki shares crosse ₹10,000, market cap crosses 3 lakh crore
Maruti Suzuki crossed the ₹10,000 mark, marking a new record of ₹10,003. The stock snapped a two-day losing streak in the process. The auto major stock's ended 3.61 per cent higher at ₹9994.50.
It touched a new 52-week of ₹10,036.70 on BSE, crossing the ₹10,000 mark for the first time. The surge took the company's market capitalisation past the ₹3 lakh crore mark. The stock has gained 19 percent so far on a year-to-date basis.
On Tuesday, Maruti Suzuki, introduced the Invicto MPV as their latest flagship model. With an introductory ex-showroom price ranging from ₹24.79 lakh to ₹28.42 lakh, the Invicto becomes the most costly vehicle in Maruti's lineup. Essentially, the Invicto is a rebranded version of the Toyota Innova Hycross.
The ex-showroom prices for the different variants of the Invicto MPV are as follows: The 7-seater Zeta+ variant is priced at ₹24.79 lakh, while the 8-seater Zeta+ variant is priced at ₹24.84 lakh. The top-of-the-line Alpha+ variant, which accommodates 7 passengers, carries a price tag of ₹28.42 lakh. Maruti Suzuki India is looking to double its turnover to around ₹1.68 lakh crore by 2030-31 from FY22 level in line with parent Suzuki Motor Corporation's global growth strategy, company Managing Director and CEO Hisashi Takeuchi said on Wednesday.
The company expects India to "play a very big role" in Suzuki Motor Corporation's goal to achieve a global turnover of ₹4.32 lakh crore in FY30-31, which would be exactly double the turnover of ₹2.16 lakh crore achieved in FY21-22, he said. Maruti Suzuki India had clocked net sales of ₹83,798 crore in 2021-22. Takeuchi said construction at the company's new manufacturing facility at Kharkhoda in Haryana is in full swing and "we plan to commission the
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