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Maruti Suzuki climbs on planning to offer fully-digitised financing options for car buyers

  • bitnet infotech
  • July 28, 2020
  • 5:05 am

Maruti Suzuki India is currently trading at Rs. 6158.35, up by 116.55 points or 1.93% from its previous closing of Rs. 6041.80 on the BSE.

The scrip opened at Rs. 6050.00 and has touched a high and low of Rs. 6172.20 and Rs. 6040.00 respectively. So far 14547 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 7755.00 on 29-Oct-2019 and a 52 week low of Rs. 4002.00 on 03-Apr-2020.

Last one week high and low of the scrip stood at Rs. 6172.20 and Rs. 5933.70 respectively. The current market cap of the company is Rs. 185960.48 crore.

The promoters holding in the company stood at 56.28%, while Institutions and Non-Institutions held 38.53% and 5.19% respectively.

Maruti Suzuki is planning to offer fully-digitised financing options for car buyers. The country’s largest car maker that sells on an average one out of every two cars sold in the country has seen digital enquiries spike to over 45 percent during the lockdown months.

The company has already digitised as many as 21 of the 26 touch points in a car purchase journey, including documentation and payments. It has launched a pilot for a one of its kind finance marketplace on digital that assists a customer in the car buying process by providing digital easy finance. And hopefully over the next six months, it should move to fully digital financing options which will be an industry-first.

Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.

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