For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Maruti Suzuki Shares Surge Over 3% As Output Raised In November

|

Maruti Suzuki shares in Monday's trade surged over 3% to an intra-day high of Rs. 7105.85 after the company increased output in November following nine-straight months of production cuts. The higher production during the month against the corresponding month a year ago was led by mild-recovery seen in sales volume in the festive month of October.

Maruti Suzuki Shares Surge Over 3% As Output Raised In November
 

In a filing to the BSE, the auto major reported a 4.33% y-o-y jump in production in November month to 141,834 units. The production of its passenger vehicle increased from 1,34,149 units to 139,084 units YoY.

Earlier, Maruti announced that it will halt the production of diesel vehicles from April 1, 2020 and hence the available discount on such vehicles is attracting more and more consumers.

The management of the company last week stated that it would voluntarily and proactively recall some petrol Smart Hybrid Vehicle by Suzuki (SHVS) variants of Ciaz, Ertiga and XL6 vehicles, which have been manufactured between January 1 and November 21.

Maruti Suzuki stock last quoted at Rs. 7079.60, up Rs. 198.25 or 2.88%.

GoodReturns.in

Read more about: maruti suzuki
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more