Maruti Suzuki trades higher for the 4th straight day, hits over 11-mth high … Board nods to manufacture another model at TKM from Vitara Brezza starting 2022
· Shares of Maruti Suzuki hit an over 11-month high of Rs 7,610, up 5.3 per cent. The stock of the passenger vehicles (PV) bellwether was trading higher for the fourth straight day, rising 9 per cent during the period. . The company today approved to change the model to be manufactured at Toyota Kirloskar Motor Pvt. Ltd. (TKM) from Vitara Brezza to another model starting year 2022.
· Company’s volumes in November rose at a modest pace by 1.1 per cent to 153,223 units, dragged by a 5 per cent decline in the core mini and compact portfolio.