Maruti Suzuki passes SBI as sixth most valuable Indian company
Updated:7 years, 10 months ago
New Delhi, Dec 11 (ANI): Shares of Maruti have increased 73% in the last one year because of a slew of successful products in the last couple of years. These much-accredited products include the Baleno, Vitara Brezza, Ciaz and the newly launched Dzire subcompact sedan. Shares of Maruti Suzuki jumped to an all-time high of 9072 per unit. This made the automaker, the sixth most valued company on the BSE, passing the State Bank of India (SBI). Maruti Suzuki currently commands over 50 per cent of the market share in the passenger vehicle segment with more than three million cars sold every year. The Indian auto giant's market capitalization on Friday stood at 2.74 trillion, ahead of SBI's 2.71 trillion. In contrast, the other Indian automaker Tata Motors' market capitalization stood at 1.18 trillion on December 8.
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