Business

July 06, 2023 : Shares of Maruti Suzuki India jumped nearly 4% on Wednesday after the company launched its new SUV, the Invicto. The stock closed at Rs 9,990.1 per piece on the NSE, up 3.55% from the previous day's close.The Invicto is Maruti's first SUV in the premium three-row segment. It is priced between Rs 24.79 lakh and Rs 24.84 lakh (ex-showroom, Delhi). The SUV is powered by a 1.5-litre turbocharged petrol engine that produces 154 bhp and 250 Nm of torque. It is available with a 6-speed manual or a 6-speed automatic transmission.

The Invicto's launch comes at a time when the SUV segment is growing rapidly in India. In the first quarter of 2023, sales of SUVs grew by 24% year-on-year. Maruti is hoping that the Invicto will help it to gain market share in this segment.The company's shares have been on a strong run in recent months. In the past three months, the stock has risen by around 18%. The rally is being driven by strong demand for Maruti's cars, as well as the company's plans to launch new products.

In addition to the Invicto, Maruti is also planning to launch a new electric SUV in the coming months. The company has said that it expects electric vehicles to account for 10% of its sales by 2025.The launch of the Invicto is a major milestone for Maruti Suzuki. The SUV is expected to be a success, and it will help the company to further consolidate its position in the Indian market.

Here are some of the key factors that are driving the rally in Maruti Suzuki's shares:

• Strong demand for the company's cars.
• Plans to launch new products, including the Invicto and a new electric SUV.
• Positive sentiment in the Indian stock market.

The outlook for Maruti Suzuki's shares is positive. The company is well-positioned to benefit from the growth of the Indian automotive market. It has a strong brand, a wide range of products, and a good distribution network.