Market share and margins to take the wheel for Maruti Suzuki India

Volume trajectory to hit the accelerator powered by festival season sales

A robust performance in the July-September quarter for Maruti Suzuki India, driven by strong volume growth during the ongoing festival season and market share gains, is expected to keep the stock of the country’s largest passenger vehicle (PV) maker on an upward trajectory.

The stock has gained over 4 per cent from its lows on October 4, while the S&P BSE Sensex is down 2 per cent during this period. Over the medium term, new launches (market share gains) and margin improvement, driven by pricing and cost savings, will be the key factors boosting revenues and profits for