Maruti Suzuki shares hit a new high of ₹10,003 on Wednesday afternoon, breaking a two-day losing streak. This record surge pushed the company’s market capitalization over the ₹3 lakh crore mark. So far this year, the stock has grown by 19%.
What Happened? Maruti Suzuki just launched its latest flagship model, the Invicto MPV, making it the priciest vehicle in its lineup.
The Invicto, essentially a rebranded Toyota Innova Hycross, has introductory prices ranging from ₹24.79 lakh to ₹28.42 lakh. Specifically, the 7-seater Zeta+ variant costs ₹24.79 lakh, the 8-seater Zeta+ variant costs ₹24.84 lakh, and the top-of-the-line 7-seater Alpha+ variant costs ₹28.42 lakh.
Maruti Suzuki India’s Managing Director and CEO, Hisashi Takeuchi, revealed the company’s ambition to double its turnover to ₹1.68 lakh crore by 2030-31, aligning with the global growth strategy of parent company, Suzuki Motor Corporation.
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Takeuchi emphasized India’s significant role in Suzuki’s goal to double its global turnover to ₹4.32 lakh crore by 2030-31, compared to ₹2.16 lakh crore in 2021-22.
Takeuchi further highlighted that construction of Maruti Suzuki’s new manufacturing plant in Kharkhoda, Haryana, is underway. They plan to commission the first plant, with an annual manufacturing capacity of 2.5 lakh units, by 2025.
Once fully operational, this plant will be one of the world’s largest single-location manufacturing sites, capable of producing 10 lakh vehicles annually.
Price Action: Closing 3.61% higher at ₹9,994.50, Maruti Suzuki India Ltd shares notched a new 52-week high of ₹10,036.70 at the bourses on Wednesday.
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