Maruti Suzuki rises on export of compact off-roader Jimny
Maruti Suzuki India Ltd announced on Wednesday that the company has commenced the exports of compact off-roader Jimny from India. Reacting to the news, its share traded over 2 per cent on BSE.
The first shipment of Jimny, consisting of 184 units, left from Mundra port to Latin American countries like Columbia and Peru. The current generation of Jimny was launched in 2018 by Suzuki Motor Corporation in Japan, which has emerged as a popular choice globally.
Suzuki aims to leverage Maruti Suzuki’s global production stature, given its production base in India. With large customer demand worldwide, it is well beyond Suzuki Japan capacity for this model. Thus, Indian manufacturing will supplement the capacity to meet this global demand.
Maruti Suzuki India enjoys a 61.8 per cent market share in compact sedan passenger vehicles segment, 52.2 per cent in compact passenger vehicles segment, 49.7 per cent in passenger vehicles and 30 per cent in mid-size passenger vehicles segment. Location-wise, the company garners 93.3 per cent of its revenue from the domestic market and 6.7 per cent from other markets.
At 3.17 pm today, the company’s stock was trading at Rs 8,138.10, up by 2.69 per cent on BSE.