Maruti Suzuki Introduces AVAS in Grand Vitara SUV; Shares Rally 1%

18 Jul 2023 , 12:58 PM

Maruti Suzuki India Ltd shares surged 1 % to reach Rs 9,766 on July 18 in the early trade, with 5 lakh shares traded on the NSE. The company announces the inclusion of the Acoustic Vehicle Alerting System (AVAS) for the intelligent electric hybrid variants of the Grand Vitara, its premium SUV.

Following the update, Maruti Suzuki India reveals that the prices of Grand Vitara variants will increase by Rs 4,000. The AVAS technology is designed to enhance safety by alerting drivers and pedestrians about the presence of the vehicle.

The system emits a low-level alert sound that can be heard up to five feet away from the vehicle, providing early warning to pedestrians and nearby drivers.

As per market data, Previously, the stock of Maruti Suzuki India rallied around 23 % from market lows to an all-time high of Rs 10,000 in early July. The current phase indicates possible consolidation for the company, marking a shift from the previous focus on volume growth.

Maruti Suzuki India’s commitment to safety and innovation is exemplified by the introduction of AVAS technology in the Grand Vitara SUV.

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