Key Points
However, the company's market share in the passenger vehicle segment slipped to 41% in FY23 from 51% in FY20, led by a demand shift to SUVs where it has a weaker presence..
Most brokerages have maintained their bullish view on Maruti Suzuki's stock, with target prices going beyond the Rs 10,000 mark..
NEW DELHI: Shares of India's largest carmarker Maruti Suzuki were little changed in Thursday's trade after the company reported an all-time high profit figure and became the first passenger vehicle maker in India with an annual turnover of over Rs 1 lakh crore..
The auto major's market share has slipped from 51% in FY20 to 41% in FY23, led by a demand shift to SUVs where it has a weaker presence...
"We believe the company will find it challenging to regain lost market share in the domestic PV segment and is expected to marginally improve to 43% over FY2024-25E, as there are no mass market launches after Fronx and newer launches from competition across the CNG and micro-SUV segments," Kotak analyst Rishi Vora said...
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