A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 73,319.55 +0.25% ↑ Nifty 22,713.10 +0.15% ↑ 22k Gold ₹ 13,835/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.24 USD ₹ 92.71
Sensex 73,319.55 +0.25% ↑ Nifty 22,713.10 +0.15% ↑ 22k Gold ₹ 13,835/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.24 USD ₹ 92.71
Home News Business
Maruti shares take a ride on the Ertiga
By
Add as a preferred source on Google

Maruti Suzuki India: Quotes, News
BSE 12630.95BSE Quote122.65 (-0.97%)
NSE 12631.00NSE Quote122 (-0.97%)
Ever since the launch of Ertiga was announced, the shares of Maruti Suzuki has been on an ascendancy. The formal launch of the Ertiga was announced on April 12 and since then, the shares of Maruti Suzuki has moved up from Rs 1272 to Rs 1373 (April 19 at 10:15 am).

Analysts are expecting the Ertiga to perform well and as per unconfirmed reports, Maruti Suzuki has already managed 11,000 bookings in five days. This is of course going to improve profitability, and hence the share price has been moving north.

The Ertiga already has rave reviews, with many analysts believing that the price of the vehicle is a “blow away”.

The Ertiga is a Life Utility Vehicle and strengthens the product portfolio of Maruti Suzuki and also creates an all new Life Utility segment at an attractive price point.

In recent years, MPVs have emerged as the fastest growing sub-segment among UVs, showing a growth of around 20 percent (3-year CAGR). MPVs presently account for around 10% share of the Indian automobile industry.

Ertiga is positioned as a Life Utility Vehicle. The price of the Ertiga starts from Rs 5.89 lakhs (ex-showroom Delhi)

GoodReturns.in

Share This Article
Story first published: Thursday, April 19, 2012, 13:07 [IST]
See More On: maruti suzuki
Other articles published on Apr 19, 2012

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out