 "Presently, Maruti sells the CNG variants of its Wagon R, Celerio, Alto K10, Eeco, and Dzire. Before the BS-VI emisison norms take effect, it plans to introduce CNG variants of the Brezza, Baleno, Swift, and Ignis")
Shares of Maruti Suzuki India (MSIL), India’s largest passenger vehicle maker, hit an over three-month high of Rs 8,319.80 in intraday trade before closing 6.33 per cent higher at Rs 8,274.6 on the BSE on Thursday. This is the highest level seen since February 28 this year.
The gains are on hopes of margin improvement due to stable commodities prices.
In a separate development, the company on Monday opened bookings for the country’s new version of compact sport utility vehicle (SUV) - Brezza.
Improving macro conditions also saw stocks of other automotive (auto) companies rise sharply, including Eichers Motors (up 5.95 per cent),
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