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7269 — SUZUKI MOTOR News Story

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Maruti Suzuki India hits record high on Suzuki Motor's $8 bln investment

** Shares of Maruti Suzuki India MRTI.NS rise 2.1% to a record high of 14,750 rupees

** Japan's Suzuki Motor 7269.T chairman says co will invest 700 bln rupees ($8 bln) in India over next 5-6 years

** Suzuki holds majority stake in Maruti Suzuki India

** Maruti also starts commercial production of the mid-sized "e Vitara" SUV at its Gujarat plant, with planned capacity of 1 mln cars, on Tuesday

** MRTI shares were up ~0.8% ahead of the announcement

** Stock set to rise for a fourth straight session, on track to gain for fifth straight month

** Avg analysts' rating is "buy", but median PT is 14,254.50 rupees, ~3% lower than current price - LSEG data

** YTD, MRTI up 36%

($1 = 87.5060 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

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