Maruti Suzuki speeds up on receiving 13000 bookings for recently launched hatchback Celerio

Maruti Suzuki speeds up on receiving 13000 bookings for recently launched hatchback Celerio

Feb-21-2014   11:15 Hrs IST

Maruti Suzuki India is currently trading at Rs. 1693.50, up by 10.15 points or 0.60 % from its previous closing of Rs. 1683.35 on the BSE. The scrip opened at Rs. 1689.50 and has touched a high and low of Rs. 1702.00 and Rs. 1687.15 respectively. So far 10386 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1864.00 on 09-Jan-2014 and a 52 week low of Rs. 1217.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 1733.90 and Rs. 1615.90 respectively. The current market cap of the company is Rs. 51196.53 crore. The promoters holding in the company stood at 56.21 % while Institutions and Non-Institutions held 35.45 % and 8.34 % respectively. Maruti Suzuki India, country’s largest car maker, has so far received 13000 bookings for recently launched hatchback Celerio. The company is now planning to start second shift at Manesar unit to make celerio, the waiting period of which on an average is 12 weeks. Maruti currently produces 270 units of Celerio per day. The company has revised the pricing of its recently launched hatchback Celerio in India, after the announcement of a reduction in excise duty by finance minister P Chidambaram. The Celerio, which was originally launched at a starting price of Rs 3.90 lakh, is now available at Rs 3.76 lakh. Maruti Suzuki has reported 11.06% fall in its production to 109,342 units in January 2014 as compared to 122,936 units in same month last year. Of total, the company has manufactured a 44,411 vehicles under mini segment (including Alto, A Star, Wagon R), down by 22.21%, as against 57,095 vehicles manufactured in corresponding month previous year