Maruti Suzuki pares losses after opening booking for premium crossover S-CROSS

Maruti Suzuki shed 0.45% to Rs 3,954.55 at 15:15 IST on BSE after the company announced that it has started accepting pre-launch bookings for S-CROSS, India's first premium crossover.

Meanwhile, the S&P BSE Sensex was down 436.17 points or 1.55% at 27,741.18.

On BSE, so far 20,745 shares were traded in the counter of the large-cap auto manufacturer as against average daily volume of 37,494 shares in the past one quarter.

At the day's high of Rs 3,971, the stock dropped 0.03%. At the day's low of Rs 3,910, the stock declined 1.57%. The stock hit a record high of Rs 4,087 on 1 July 2015. The stock hit a 52-week low of Rs 2,475 on 11 July 2014.

Maruti Suzuki India said S-CROSS combines the power and performance of an SUV with the comfort and premiumness of a sedan. Two engine options are available: DDiS 200 and DDiS 320. It is built on a brand new platform and engine and comes packed with features including cruise control, rain-sensing auto wiper, all wheel disc brakes, auto dimming IRVM, HID (High Intensity Discharge) headlamps with auto light-on function and Smartplay infotainment system with reverse parking camera.

S-CROSS, expected to be launched in early August, will be sold and delivered at the network of NEXA showrooms. NEXA is the new premium automotive experience by Maruti Suzuki and 30 NEXA showrooms will begin operations in the next few weeks.

Maruti Suzuki India's net profit rose 60.5% to Rs 1284.24 crore on 11.5% rise in total income to Rs 13944.74 crore in Q4 March 2015 over Q4 March 2014.

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