Data will be updated when it becomes available.
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However, inflationary pressures reduced rural demand for fast-moving consumer products and consumer durables.
Compact car sales also saw an increase, with 80,662 units sold in October 2023, up from 73,685 units in the same period the previous year
The company has an office at Udyog Vihar in Gurgaon and its corporate headquarters are currently located at Nelson Mandela Marg in New Delhi.
Shashank Srivastava told CNBC-TV18 that the automaker outperformed the sector last month with a YoY growth rate of 16.5%.
The car manufacturer projects that this fiscal year, the global market for passenger vehicles would expand by 5-7%.
Company expects its growth rate to be more than total market growth rate in the year.
Improved product mix to drive profitability during the quarter.
The authorized dealers of Maruti Suzuki will contact affected vehicle owners to arrange for free replacement of the problematic parts.
Ertiga model is leading the pack with an order backlog of around 94,000 units.
Recommendation: Buy; Target price: Rs10,300
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.