Maruti Shares Surge on EV Push

  Published 9 months ago

Maruti Suzuki shares rise sharply in August, boosted by tax cuts, EV launch, and strong investor confidence.

  • Shares gained 17% in August, marking the strongest monthly increase since April 2020 amid positive market sentiment.
  • Suzuki Motor Corp to invest $8 billion in India, beginning production of its first electric vehicle, the e-Vitara.
  • Analysts maintain "buy" ratings, citing export growth potential and government GST simplification supporting stock momentum.

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