KEY HIGHLIGHTS
- Market cap of Maruti Suzuki is Rs 5.04 trillion
- Right behind Mercedes-Benz
- The upcoming festive season will boost all these numbers
Maruti Suzuki India now ranks 9th globally in the list of top automakers by market capitalization, surpassing industry giants like General Motors. This is a proud moment for the country, as it's the first time ever that an Indian automaker has made it to the top 10 list of global car manufacturers by market cap. Check out the full breakdown below - and in the meantime, join our 91Wheels Whatsapp Channel to stay updated with the latest in the automotive world!
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Maruti Suzuki
Maruti Suzuki the subsidiary of Suzuki Corporation has taken over the General Motors in terms of market capitalization, and has climbed to the 9th positon, just behind Mercedes-Benz. To add more, the market-cap of MS is Rs 5.04 trillion, and in terms of dollars this is $60.72 billion. How, this happened, well, post GST 2.0, which was implemented on 22nd September, customers footprints at Maruti showrooms, have doubled or even trippled. As, cars have become significantly cheaper, plus its the beginning of festival season, so anyhow, people were gearing up to buy cars. Also, on the 10th position, we have General Motors, which is USA large conglomerate.
However, one important point to note is that General Motors' actual revenue and sales are nearly 10 times larger than those of our homegrown brand. So, this story is more about the surge in Maruti Suzuki's share price, which has seen an exponential growth of 43.06% this year. On January 1st, the stock was priced at Rs 11,208, and today it stands at Rs 16,035.
By the end of this year, it wouldn't be surprising to see Maruti Suzuki's share price cross the Rs 20,000 mark, as car sales are expected to rise and manufacturers continue offering attractive discounts. Additionally, Maruti Suzuki has recently launched a new mid-size SUV - the Victoris - which is set to shake up the segment. It might even dethrone the Hyundai Creta as the segment leader, thanks to its more affordable pricing, feature-loaded package, and high fuel efficiency.
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Verdict
Maruti Suzuki, India's No. 1 automaker, has entered the prestigious list of the top 10 global carmakers by market capitalization. This is a truly celebratory moment, as it marks the first time an Indian automaker has achieved such a milestone. Moreover, Mahindra & Mahindra is not far behind, currently holding the 11th position, ranking above global giants like Porsche, Ford, Honda, and Hyundai.
