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25 April, 2024 18:12 IST
Maruti Suzuki rises 2% as the firm commences export of Jimny
Source: IRIS | 20 Jan, 2021, 02.58PM
Rating: NAN / 5 stars.
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 Share price of Maruti Suzuki India gained over 2% on Wednesday after the company commenced export of Suzuki's celebrated compact off-roader Jimny from India.

The first shipment of 184 units left from Mundra port to Latin American countries such as Columbia and Peru. The iconic three-door Suzuki Jimny will be exported to Latin America, Middle East and African markets from India.

Known as the 'authentic off-roader', the all-terrain vehicle has a legacy of over 50 years, catering to customers worldwide. The current generation of Jimny was launched in 2018 by Suzuki Motor Corporation in Japan and has emerged as a popular choice globally. Customers like its appeal for city driving too.

With India as a production base for Jimny, Suzuki aims to leverage Maruti Suzuki's global production stature. As there is a large customer demand worldwide well beyond Suzuki Japan capacity for this model, Indian manufacturing will supplement capacity to meet this global demand.

Kenichi Ayukawa, Managing Director & CEO, Maruti Suzuki India said, "Jimny will fulfill aspirations of customers throughout the world. Jimny manufactured at Maruti Suzuki's Gurugram plant shares the same specification as the export models produced at the Suzuki Motor Corporation’s Kosai plant in Japan. We are confident with Jimny we will be able to enhance our overall exports."

Shares of Maruti Suzuki India are trading at Rs 8,089, up Rs 164.4, or 2.07% at the Bombay Stock Exchange (BSE) on Wednesday at 1:30 p.m.

The scrip has touched an intra-day high of Rs 8,112 and low of Rs 7,863.40. The total volume of shares traded at the BSE is 36,853.In the earlier session, the shares gained 1.41%, or Rs 110.2, at Rs 7,924.60.

Currently, the stock is trading down 3.7% from its 52-week high of Rs 8,400 and above 102.12% over the 52-week low of Rs 4,002..



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