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Shares of Maruti Suzuki India Ltd (MSI) prolonged their positive aspects for second straight day on January 2; Key factors traders ought to know
Maruti Suzuki Dzire. (Photo: Shahrukh Shah/ News18)
Maruti Share Price: Shares of Maruti Suzuki India Ltd (MSI) prolonged their positive aspects for the second consecutive day, rising by 3% on January 2, following optimistic administration commentary on sturdy automobile gross sales in December.
The firm reported a 30.25% year-on-year (YoY) enhance in whole manufacturing for December. Overall manufacturing throughout all segments, together with Passenger Vehicles and Light Commercial Vehicles, surged from 121,028 models in December 2023 to 157,654 models in December 2024.
Passenger car manufacturing noticed a notable 30.16% enhance, with volumes rising from 119,518 models in December 2023 to 155,553 models in December 2024.
Partho Banerjee, Senior Executive Officer – Marketing & Sales at Maruti Suzuki, advised CNBC-TV18 that the vendor community presently holds inventory for simply 9 days, with over 2 lakh pending bookings. He emphasised that every one product segments carried out properly in December, although he famous that month-to-month family incomes aren’t growing on the identical tempo as car prices.
Banerjee additionally talked about that Maruti will unveil its plans for an entire electrical car ecosystem on the Bharat Mobility Global Expo and acknowledged that the corporate would stay technology-agnostic to take care of its market share.
At 10:45 AM on January 2, Maruti Suzuki shares had been buying and selling 3% greater at Rs 11,545 per share.
