Maruti Jimny Launch: The country’s largest passenger car company Maruti Suzuki is going to create panic with the launch of its SUV Jimny. This car will directly challenge Mahindra Thar and this is likely to have a positive impact on Maruti’s stock. Experts said that Maruti has aggressive plans in the SUV segment and will also launch some electric vehicles (EVs) in the coming days. Because of this, Maruti Suzuki is likely to become a multibagger stock in the next 4-5 years.
Now join IamGujarat on WhatsApp and get every important news
Vineet Bollingkar, head of research at Ventura Securities, said the company recently launched the Jimny and a few more models are likely to be launched in the next 12 months. Some EVs will also be launched by Maruti by 2030. This will refresh its product cycle.”
How much will the stock grow in two years?
Bollingkar believes that Maruti Suzuki’s stock can give returns of up to 50 per cent in the next two years. This company will now maintain its good performance and Maruti stock is likely to become a multibagger in four to five years. Maruti launched its long-awaited Jimny SUV on 7th June. Maruti is already leading in the sedan and small car categories and now its influence will extend to SUVs as well.
Maruti’s upcoming plans
Maruti has doubled its share in the SUV market. It plans to increase its share to 25 per cent of the total SUV sales in India in the coming days. This will increase its revenue as well as EBITDA. Maruti Jimny will compete directly with Mahindra Thar and Force Motors Gurkha. The Jimny is a 5-door off-roader. It is available in two variants Zeta and Alpha. The Jimny has been launched by Maruti on the Nexa platform, which will face stiff competition in the SUV market.
Among the cars launched by Maruti in the last few years, apart from the Baleno and the Grand Vitara, none of the cars got much publicity. The company has been able to maintain its market share by offering huge discounts on its various products. At present, its share in the passenger car market is around 42 per cent. Maruti Suzuki stock has gained 21.42 per cent in the last 12 months, while the Nifty Auto index has given a return of 28.37 per cent. On Friday, Maruti Suzuki shares closed at 9635, down 0.24 per cent. The stock’s 52 week high of 9800 and 52 week low of Rs. is 7625