Maruti Suzuki Share price jumped 12% in 4 days, reaching a 4-month high of ₹13,431.60 in Monday’s trade. The stock rose 4% intraday, defying the broader market decline, and is now trading at its highest level since September 30, 2024.
At 9:23 AM, Maruti Suzuki was up 2% at ₹13,174.75 on the BSE, while the Sensex and BSE Auto index were down 0.75% and 0.44%, respectively. The stock previously hit its 52-week high of ₹13,675 on August 1, 2024.
Over the past 5 days, the stock has surged by ₹1,260.45 (10.56%), while it has risen by ₹2,762.40 (26.49%) over the past year and ₹6,219.20 (89.21%) over the past 5 years. The 52-week high is ₹13,680.00, and the 52-week low is ₹10,611.10.
Maruti Suzuki is India’s top passenger vehicle (PV) manufacturer, holding a 41.7% market share in FY24. Its popular models include WagonR, Swift, Brezza, Baleno, Ertiga, and Fronx.
A major boost for the automobile sector comes from the Union Budget 2025-26, which raised the income tax exemption limit from ₹7 lakh to ₹12 lakh. This will increase disposable income by ₹30,000 to ₹1,10,000, allowing more people to buy new cars.
India is the third-largest passenger vehicle market globally, but car ownership is still lower than in the West and China. With rising incomes, the long-term growth outlook for the Indian PV sector remains strong, and Maruti Suzuki is set to benefit.
Maruti Suzuki aims to make India a global production hub for its recently unveiled E-Vitara. The company plans to export to 100 countries and become the leader in EV production within its first year.
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Published on: Feb 3, 2025, 11:16 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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