Maruti Suzuki India is aiming to achieve a leadership position in the SUV segment by the end of the current financial year. The company is also focusing on the electric vehicle segment and plans to have six EV models that would contribute 15-20% to total sales by FY31. Motilal Oswal Securities has a bullish outlook on Maruti Suzuki and has a "buy" rating on the stock.
Maruti Suzuki India Limited on Friday announced that it recorded its highest ever monthly sales in August. The auto majors total sales grew by 14 per cent in August 2023 and stood at 1,89,082 units as compared to 1,65,173 units in August 2022.
Maruti Suzuki s Nexa chain has successfully completed 8 years in the Indian market with a total of 8 models in its line-up and achieving a sales milestone of 8 million units.