Maruti Suzuki is doing well today, opening around 1% higher at Rs.7030 and going up further to 7206.85 and is now currently ruling over 2.5% up at Rs.7169.
There is unconfirmed news that Maruti, buoyed by encouraging sales in Oct and Nov and sitting on a huge order backlog, the company has hiked its production estimates for balance 4-months of current FY21 fiscal.
Maruti Suzuki has guided for a 2-11% higher production compared with what it had projected in August for the November to March period.
In October, Maruti Swift was the number-one selling car in India. In fact the top four selling cars are all from Maruti – after Swift, its Baleno, followed by Wagon R and Alto at number four.
And the company today morning announced that its expanding its ‘Subscribe’ to four more cities - Mumbai, Chennai, Ahmedabad and Gandhinagar. Under this scheme, people can use a brand-new car without actually owning it. The customer needs to pay an all-inclusive monthly fee that comprehensively covers maintenance and insurance for the complete tenure. After the completion of subscription tenure, the customer can also opt to extend, upgrade the vehicle, or buy the car at market price.