Maruti Suzuki gains speed on plans to launch new vehicle

Maruti Suzuki India rose 0.25% to Rs 6,216.05 at 9:20 IST on BSE after the company unveiled the sketch of its all new DZIRE on 21 April 2017.

The announcement was made after market hours on Friday, 21 April 2017.

Meanwhile, the S&P BSE Sensex was up 112.23 points or 0.38% at 29,477.53.

On the BSE, 758 shares were traded on the counter so far as against the average daily volumes of 52,323 shares in the past one quarter. The stock had hit a high of Rs 6,236.70 and a low of Rs 6,205 so far during the day.

Maruti Suzuki India said that the car will make its global debut in May 2017. The new DZIRE is designed to leave a lasting impression with its rich sculpted side body and enhanced proportions.

It is modern, sleek and agile. The unmistakable sedan proportions with low and wide stance lends an elegant road presence to the new DZIRE, company added.

Maruti Suzuki India's net profit rose 47.5% to Rs 1744.50 crore on 12.4% growth in net sales to Rs 16623.60 crore in Q3 December 2016 over Q3 December 2015. The company announces Q4 results on Thursday, 27 April 2017.

Maruti Suzuki India is India's biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2017).

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