Maruti Suzuki gains on increasing prices of its vehicles by up to Rs 31,600

Maruti Suzuki India is currently trading at Rs. 3412.00, up by 16.45 points or 0.48% from its previous closing of Rs. 3395.55 on the BSE.

The scrip opened at Rs. 3400.00 and has touched a high and low of Rs. 3415.80 and Rs. 3395.05 respectively. So far 7711 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3467.25 on 05-Jan-2015 and a 52 week low of Rs. 1541.25 on 28-Jan-2014.

Last one week high and low of the scrip stood at Rs. 3467.25 and Rs. 3296.05 respectively. The current market cap of the company is Rs. 102572.79 crore.

The promoters holding in the company stood at 56.21% while Institutions and Non-Institutions held 36.23% and 7.57% respectively.

Maruti Suzuki India has raised prices of its vehicles by up to Rs 31,600 following the expiry of excise duty concessions extended to the auto sector. The increased prices after revision of central excise duty with effect from January 1, 2015, across all models ranges between Rs 7,850 on Omni van to Rs 31,600 on mid-sized sedan Ciaz.

Under the revised prices, the popular entry level car Alto will be dearer by Rs 8,500 to Rs 12,700. Before the hike the model was priced between Rs 2.37 lakh to Rs 3.52 lakh (all prices ex-showroom Delhi). Another popular model Wagon R from will see an increase ranging from Rs 12,500 to Rs. 15,700 from its current tag of Rs 3.48 lakh to Rs 4.35 lakh.

Moreover, the company’s premium compact car Swift will cost Rs 15,850 to Rs 25,150 more now from the current price of Rs 4.42 lakh to Rs 6.95 lakh. Meanwhile, popular compact sedan Dzire will see an increase from Rs 17,500 to Rs 26,650 from the current price of Rs 4.85 lakh to Rs 7.32 lakh.

Further, the new compact model Celerio will see an increase of Rs 13,600 to Rs 17,200 from the existing price of Rs 3.76 lakh to Rs 4.78 lakh.