Maruti Suzuki Shares Rise 3% On Strong December Sales, Bullish Management Outlook – News18
Last Updated:
Shares of Maruti Suzuki India Ltd (MSI) extended their gains for second straight day on January 2; Key points investors should know
Maruti Suzuki Dzire. (Photo: Shahrukh Shah/ News18)
Maruti Share Price: Shares of Maruti Suzuki India Ltd (MSI) extended their gains for the second consecutive day, rising by 3% on January 2, following positive management commentary on strong car sales in December.
The company reported a 30.25% year-on-year (YoY) increase in total production for December. Overall production across all segments, including Passenger Vehicles and Light Commercial Vehicles, surged from 121,028 units in December 2023 to 157,654 units in December 2024.
Passenger vehicle production saw a notable 30.16% increase, with volumes rising from 119,518 units in December 2023 to 155,553 units in December 2024.
Partho Banerjee, Senior Executive Officer – Marketing & Sales at Maruti Suzuki, told CNBC-TV18 that the dealer network currently holds stock for just nine days, with over 2 lakh pending bookings. He emphasized that all product segments performed well in December, though he noted that monthly household incomes aren’t increasing at the same pace as vehicle costs.
Banerjee also mentioned that Maruti will unveil its plans for a complete electric vehicle ecosystem at the Bharat Mobility Global Expo and stated that the company would remain technology-agnostic to maintain its market share.
At 10:45 AM on January 2, Maruti Suzuki shares were trading 3% higher at Rs 11,545 per share.
