Maruti Suzuki rides past SBI, HDFC in m-cap

Carmaker more valued than M&M, Tata Motors, Ashok Leyland put together

The ‘banker to every Indian’, State Bank of India, is now behind the carmaker for every second Indian, Maruti Suzuki, in market capitalisation.

At a market cap of Rs 2,73,106 crore, the Suzuki-promoted carmaker is now the sixth most valued company in the country.

Maruti’s stock has surged 65 per cent since January, in line with a sustained increase in sales and market share. Interestingly, the country’s biggest carmaker is now more valuable than the combined market cap of the three leading automobile companies in the country: Tata Motors (Rs 1,18,684 crore), M&M (Rs 86,336 crore) and Ashok Leyland (Rs