Maruti Suzuki records highest ever exports in a fiscal year

Maruti Suzuki India Limited has exported a record 238,376 units in FY 2021-22, the highest in any financial year. The company exported 26,496 units during March 2022, clocking its highest ever monthly exports. This demonstrates Maruti Suzuki's commitment to the Government of India's Make-in-India initiative.

Assuming office as Managing Director & CEO, Mr. Hisashi Takeuchi, said, "Today is an auspicious day for me as I take up the responsibility of MD & CEO, Maruti Suzuki, that coincides with the achievement of this historic highest ever exports. This export milestone demonstrates the dedication and hardwork of team Maruti Suzuki led by Mr. Kenichi Ayukawa, from whom I have taken up this role. These export numbers are a reflection of India's manufacturing potential and the acceptance of India-manufactured vehicles, all over the world."

Maruti Suzuki has been exporting vehicles since 1986 and has achieved a cumulative export of over 22.5 lakh vehicles. India manufactured Maruti Suzuki vehicles are exported to over 100 countries. The top five export models in FY 2021-22 were Baleno, Dzire, Swift, S-Presso and Brezza. Top export markets included Latin America, ASEAN, Africa, and Middle East.

Shares of Maruti Suzuki India Limited was last trading in BSE at Rs. 7559.90 as compared to the previous close of Rs. 7600.35. The total number of shares traded during the day was 13241 in over 2885 trades.

The stock hit an intraday high of Rs. 7651.35 and intraday low of 7527.80. The net turnover during the day was Rs. 100361684.00.

Source : Equity Bulls

Keywords

MarutiSuzukiIndia INE585B01010 Exports FY2022