Shares of Maruti Suzuki India Ltd. surged by 3.2% on January 1, 2025, closing at ₹11,205.50 after the company reported a robust 30% year-on-year growth in December sales.
Sales Highlights:
- Total Domestic Sales: Increased by 27.3% to 1.41 lakh units (compared to 1.10 lakh units in December 2023).
- Passenger Vehicles (PV): Rose by 24.2% to 1.30 lakh units (compared to 1.05 lakh units YoY).
- Exports: Jumped 39.2% to 37,419 units (compared to 26,884 units YoY).
Price Hike Announcement:
Maruti Suzuki had earlier announced plans to raise car prices by up to 4% starting January 2025, citing rising input costs and operational expenses. The price adjustment will vary across models.
Financial Challenges:
For the September 2024 quarter, Maruti Suzuki’s EBITDA margins narrowed by 100 basis points to 11.9%, reaching a five-quarter low due to flat realisations and higher promotional expenses.
Market Impact:
The strong sales performance and the anticipation of a price hike have boosted investor confidence, driving the stock’s upward movement during Wednesday’s trading session.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always consult official company filings for detailed insights.
