Maruti Suzuki India Limited belongs to Nifty 50 group of companies and is India’s largest private conveyance vehicle manufacturer. For this reason fluctuations in Maruti share price affects the benchmark index.
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Maruti Share Price Graph
Maruti Suzuki India Limited was established in the time during which India was still following the doctrine of mixed economy, the idea of market oriented free economy was still far away. In 1981, by the initiative of Government of India Maruti Udyog Limited was incorporated with a view to manufacture modern and cheap car for domestic market. Next year a JV (joint venture) with Suzuki Motor Corporation of Japan was signed with Indian government for car manufacture and the company was named Maruti Suzuki India Limited (MSIL). Within a record time, 13 months to be exact, first car rolled out. The car was a 796 cc hatchback named Maruti 800. This car revolutionised Indian automobile industry. Also the work culture brought change in Indian corporate culture. Many companies, big and small, tried to follow the way in which a car can be efficiently manufactured from scratch within 13 months.
Today Maruti Suzuki India Limited (MSIL) has a market share of over 50% of Indian domestic car market. In addition it has also acquired big share in commercial passenger carrier commercial cars after it started fitting new models with diesel engines. Till date MSIL has sold over 7.5 million cars and exported over 500,000 vehicles to countries of Europe, America and other continents. It has two big manufacturing plants, one at Gurgaon and the other at Manesar. All of its cars are manufactured at these two plants and sold worldover.
Maruti Suzuki India Limited has received numerous national and international awards of excellence for its performance.
Company Financials – Maruti share price is Rs 7196 (as on 27.06.17, 10.17 hrs.) in BSE. As per latest data, the standalone basis P/E is 29.79 versus average industry PE of 26.93, EPS is Rs 242.91. Market cap is Rs 2,18,621 crores. The face value of a share is Rs 5.
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