The Indian automobile industry is facing considerable challenges as input and operating costs rise. Maruti Suzuki India (MSIL), the country’s largest passenger car manufacturer, has announced a price rise for its automobiles, following other automakers. The corporation confirmed that vehicle costs will climb by up to 4% starting in January 2025. This move coincides with increased inflationary pressures and rising operational costs.
According to the automaker, the action is being taken in an effort to counteract growing operating and input costs. Price increases will take effect in January 2025. The price increase will vary based on the model and is anticipated to reach 4%. Some of the higher costs could have to be passed on to the market, even though the company stated that it constantly works to minimize the impact on its consumers and optimize costs.
Maruti Suzuki Share Price
The price of the shares increased 1.73% to Rs 11,374.55. At Rs 11,326.55, it was last observed trading 1.30 percent higher. On a year-to-date (YTD) basis, it has increased 10.16 percent at this pricing. At the time of writing, there were about 4,551 shares traded on the BSE today. The volume was less than the average of 13,000 shares over the last two weeks. With a market capitalization (m-cap) of Rs 3,56,174.10 crore, the counter’s turnover was Rs 5.11 crore. 52,073 sell orders and 5,215 share buy orders were present.
The stock technically moved below the 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs), but above the 5-day, 10-, 20-, and 30-day SMAs. The 14-day relative strength index, or RSI, for the stock was 51.39. Oversold is defined as a level below 30, and overbought is defined as a value beyond 70.
About the Company
Maruti Suzuki is India’s biggest passenger car manufacturer in terms of production volume. Maruti Suzuki specializes in compact and reasonably priced automobiles. Being a division of the Japanese multinational corporation Suzuki Motor Corporation, Maruti Suzuki is not an entirely Indian company. Maruti Suzuki’s history dates all the way back to 1981. To meet the growing demand for compact and reasonably priced cars in India, the Indian government established a joint venture (JV) with Suzuki Motor Corporation of Japan for the manufacture of automobiles in that year.
