Indian carmaker Maruti Suzuki set for sharpest monthly gain in over 5 years

SUZUKI MOTOR

29/08/2025 08:28

** Shares of Maruti Suzuki India MRTI.NS up ~17% in Aug so far, eyes sharpest monthly gain since April 2020

** MRTI flat for the day after gaining for five sessions in a row

** Since Prime Minister Narendra Modi said his government would simplify and lower goods and services taxes on various goods by October, carmaker's shares have risen for seven sessions out of nine

** Earlier this week, Japanese parent Suzuki Motor Corp 7269.T said it will invest $8 billion in India, started production of co's first EV, "e Vitara"

** Launch of e Vitara "should be a key catalyst for Maruti's export growth" said brokerage Investec in a note dated Aug 28, in which it reiterated "buy" call on MRTI

** Avg rating of 38 analysts covering the stock, including Investec, is "buy" - LSEG data

** YTD, stock has risen 36% vs 10% rise in Nifty auto sub-index .NIFTYAUTO

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))