Maruti Suzuki India rose 0.44% to Rs 7,250 at 09:16 IST after total sales rose 7.6% to 1.06 lakh units in June 2017 over June 2016.
The announcement was made on Saturday, 1 July 2017.Meanwhile, the S&P BSE Sensex was up 176.88 points, or 0.57% to 31,098.49
On the BSE, 1,054 shares were traded in the counter so far, compared with average daily volumes of 54,767 shares in the past one quarter. The stock had hit a high of Rs 7,256.80 and a low of Rs 7,218.05 so far during the day. The stock hit a record high of Rs 7,469 on 9 June 2017. The stock hit a 52-week low of Rs 4,126.40 on 7 July 2016.
The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Maruti Suzuki India's domestic sales grew by 1.2% to 93,263 units in June 2017 over June 2016. Export sales jumped 95.8% to 13,131 units in June 2017 over June 2016.
Meanwhile, Maruti Suzuki India on Saturday, 1 July 2017 announced that the company has passed on the entire benefit of GST rates on vehicles to its customers. The ex-showroom prices of Maruti Suzuki India models have come down by up to 3%. The rate of reduction varies across locations depending on the VAT rates applicable prior to GST, the company said.
Owing to the withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz Diesel and Smart Hybrid Ertiga Diesel has increased. The new prices are effective from 1 July 2017, it added.
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Maruti Suzuki India's net profit rose 15.77% to Rs 1709 crore on 20.32% growth in net sales to Rs 18005.20 crore in Q4 March 2017 over Q4 March 2016.
Maruti Suzuki India is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2017).
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