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Maruti Suzuki trades higher after launching subscription programme ‘Maruti Suzuki Subscribe’

  • bitnet infotech
  • August 28, 2020
  • 8:32 am

Maruti Suzuki India is currently trading at Rs. 7115.50, up by 11.15 points or 0.16% from its previous closing of Rs. 7104.35 on the BSE.

The scrip opened at Rs. 7107.00 and has touched a high and low of Rs. 7155.25 and Rs. 7032.00 respectively. So far 22549 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. 7173.50 and Rs. 6957.65 respectively. The current market cap of the company is Rs. 213742.79 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 India has launched subscription programme – Maruti Suzuki Subscribe for individuals. The company has tied up with Myles Automotive Technologies to launch Maruti Suzuki Subscribe as a pilot project in select Indian cities – Hyderabad and Pune. Subscribe programme offers solutions for everyone who is seeking to experience the benefits of owning a car without purchasing it. Customers can choose to subscribe a new Swift, Dzire, Vitara Brezza and Ertiga from Maruti Suzuki ARENA and a new Baleno, Ciaz and XL6 from NEXA for a period of 12, 18, 24, 30, 36, 42 and 48 months.

Customers will pay an all-inclusive monthly subscription charge starting Rs 17,600 for Swift Lxi in Pune and Rs 18,350 in Hyderabad (including taxes) with no down payment. Once the subscription tenure is over, the customer can also avail buyback option.

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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