Maruti shares rev up 2.5 pc on compact SUV launch

Mumbai :Shares of Maruti Suzuki India today went up 2.5 per cent after the carmaker launched its much-awaited model ‘Vitara Brezza’ at an introductory price range of Rs 6.99 lakh and Rs 9.68 lakh (ex-showroom Delhi).

The stock of the country’s largest carmaker rose 2.51 per cent to Rs 3,548.45 on BSE.

Maruti was the top gainer among the 30-Sensex blue-chip stocks.

On NSE, the company’s stock gained 2.52 per cent to Rs 3,550.

“We didn’t have presence in one of the most key segments of the Indian market, that is compact SUV. Vitara Brezza marks our entry into that segment,” MSI MD and CEO Kenichi Ayukawa had said yesterday.

Vitara Brezza is one of those products in which the company’s Indian engineers have played a bigger role in designing and development as parent Suzuki looks to enhance its base here.