Maruti Suzuki stock hits 12-week high; rallies nearly 4% on healthy outlook

Quick Summary:

Improving income levels of individuals, firms, and corporates are likely to keep demand strong in the medium-term, Mirae Asset Sharekhan said in the company's Q2 results update.

The company has witnessed strong demand from rural and semi-urban areas, where MSIL’s distribution network and product portfolio fit aptly.

While MSIL has been maintaining its market leadership position in the overall passenger vehicles market, it has been working to expand its presence in the UV (utility vehicle) segment via new launches.

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Category: BusinessFinance

Markets: IndiaMali

Topics: EVX concept Bharat Mobility Global Expo 2025 CNG Maruti Suzuki India share Passenger cars E Vitara Auto Expo 2023 MSIL Compressed natural gas PV Electric SUV Small cars Utility vehicles Emkay Global Financial Services Electric vehicle Maruti Suzuki India share price EV Maruti Suzuki India Passenger vehicle SUVs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 10:52:30 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25169824

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