Shares of Maruti Suzuki, India’s leading passenger vehicle manufacturer, surged to a 52-week high of Rs 16,325 on the NSE, gaining 3.2% after the company reported robust Navratri sales.
Best-ever start to Navratri in 35 years
On Sunday, Maruti Suzuki received nearly 80,000 inquiries and delivered around 30,000 vehicles, marking its strongest start to the festive season in 35 years. Analysts say this reflects strong consumer demand for personal mobility amid festive celebrations.
Stock rallies on GST 2.0 impact
Since the GST 2.0 announcement, Maruti Suzuki has been the top performer in the Nifty Auto pack, rallying 26% and adding approximately Rs 1 lakh crore to its market capitalization as of 10:24 am. Investors see the company as a key beneficiary of tax reforms that boost automobile demand.
Market reaction and investor sentiment
The stock’s impressive run underscores investor confidence in Maruti Suzuki’s market leadership and product portfolio. Dealers across India reported high footfall at showrooms, driven by early festive bookings and attractive financing options.
Industry experts note that Maruti Suzuki’s strong performance also signals a broader recovery in the passenger vehicle segment, benefiting from renewed consumer sentiment post-pandemic and regulatory incentives.
Looking ahead
With the festive season underway, Maruti Suzuki is expected to maintain momentum in sales and deliveries. Analysts suggest that continued demand, coupled with new model launches and attractive offers, could sustain the stock’s upward trajectory in the near term.