Maruti Suzuki Shares Crosses Rs 10,000 Mark; M Cap Exceeds Rs 3 Lakh Crore

6 Jul 2023 , 01:00 PM

Maruti Suzuki stock hits record high, crossing Rs 10,000 mark at Rs 10,003. The stock ends 3.61% higher at Rs 9,994.50, achieving a 52-week high of Rs 10,036.70.

This remarkable performance contributed to Maruti Suzuki’s market capitalization crossing Rs 3 lakh crore. Maruti Suzuki introduces Invicto MPV as its flagship model, with prices ranging from Rs 24.79 lakh to Rs 28.42 lakh.

The Invicto is a rebranded version of the Toyota Innova Hycross. Maruti Suzuki aims to double turnover to Rs 1.68 lakh crore by 2030-31. Target aligns with Suzuki Motor Corporation’s global growth strategy.

India is expected to play a significant role in achieving Suzuki’s goal of Rs 4.32 lakh crore global turnover by FY30-31. Maruti Suzuki’s net sales in 2021-22 were Rs 83,798 crore.

Construction is underway for the new manufacturing facility in Kharkhoda, Haryana. First plant with a 2.5 lakh unit capacity to be commissioned by 2025. Facility to have an annual capacity of 10 lakh vehicles, one of the world’s largest single-location manufacturing sites. Board approval was received to expand production capacity by additional 10 lakh units alongside the Kharkhoda facility.

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