Auto Maruti Suzuki

While the operating profit margin was back in the double-digit territory at 10.2 per cent after the September quarter miss, it was lower than the 11.2 per cent estimated by analysts

Maruti Suzuki India (MSI) on Monday said it has launched BS VI compliant CNG version of its hatchback Alto with price starting at Rs 4.32 lakh (ex showroom, Delhi). The Alto S-CNG offers a mileage of 31.59 km/kg, MSI said in a statement. "With the introduction of Alto BS6 S-CNG, we reinforce our efforts towards sustainable green mobility," MSI Executive Director (Marketing & Sales) Shashank Srivastava said. The launch of company's S-CNG vehicle range is aligned to government's vision of reducing oil import and enhancing the share of natural gas in the energy basket of the country from 6.2 per cent now to 15 per cent by 2030, MSI said. The auto major has already sold over 1 lakh BSVI Alto units in the country, it added.

The official said auto manufacturers will have to wait for another two-three months to say if the country's automobile industry has come out of slowdown.

Given the price surge since August, the stock is now trading at over 33 times its estimated FY20 earning per share and 31 times one-year forward estimates

If last year's performance is any indicator, its strategy is clearly utility vehicle (UV)-driven

Eicher Motors and Maruti Suzuki India surged 16 per cent and 11 per cent, respectively in the intra-day trade today. Among the cement stocks, Shree Cement surged 14 per cent.