Maruti Suzuki India has bid farewell to the current generation of its highly successful car, Maruti Swift.

The last production model of the second generation Swift rolled off the assembly line in Manesar on 23 December.

Maruti Suzuki (MSIL) on Wednesday entered into an agreement with the Delhi government to set up state-of-the-art automated driving test centres across 12 locations in the capital. A memorandum of agreement (MoA) was signed between the department of transport, NCT of Delhi, and Maruti. Under the MoA, Maruti will set up automated driving test centres comprising scientifically-laid driving test tracks, high-definition cameras and an integrated IT system, as approved by the department of transport.

Four stocks - Reliance Industries, Bharti Airtel, Maruti Suzuki India and Tata Steel – from the S&P BSE Sensex have rallied more than 75% since December 26, 2016.

The benchmark Sensex ended above its crucial 34,000 level at 34,010.61 on Tuesday, up 31.8% from its one year back level on back of strong an over Rs 1-lakh crore net inflow by the domestic mutual funds. On December 26, 2016, the Sensex had closed at 52-week low of 25,807.10.

Maruti Suzuki India chairman and chief executive RC Bhargava said on Thursday that the company is committed to meeting its target of delivering its first electric vehicle (EV) by 2020. However, while the government has an ambitious plan to have an all-EV market by 2030, Bhargava believes that only some 14.4 million of the 71 million cars to be sold by 2030 would be EVs. A survey of the potential EV market, commissioned by Maruti, will start in another two-three weeks and will conclude by February 2018.

Maruti Suzuki India entered the elite league of corporate entities with a market value of over Rs 3-lakh crore after the stock price of the company hit a new high on Wednesday and touched the Rs 10,000 mark on the BSE in early morning trade.

Maruti Suzuki, the country’s largest car maker, was trading at Rs 9,980, with the m-cap of Rs 301,234 crore at 09:20 am; the BSE data shows.

Maruti Suzuki India hit a new high of Rs 9,768, up 5% on the BSE in intra-day trade, making its entry into the list of the top-5 most valuable companies by market capitalisation (m-cap).

With an m-cap of Rs 294,641 crore, Maruti Suzuki India now features at fifth rank in the list by replacing fast moving consumer goods (FMCG) company Hindustan Unilever (HUL) from this prestigious club. HUL have m-cap of Rs 291,382 crore at 02:48 pm, the BSE data shows.

Automobile major Maruti Suzuki India will increase the prices of its entire passenger vehicle range by up to two per cent from January, due to rising input costs.

"The company will go in for an upward price revision by up to 2 per cent due to rising input costs," a company official told IANS.

Wholesale volumes of passenger vehicles witnessed a healthy double-digit growth of 14% in November, with 2,75,417 units being sold by automakers. The low sales base in November last year owing to demonetisation aided the year-on-year performance. Leading the charge with a steep 45% rise to 77,824 units was the utility vehicles group, which grew at its fastest pace this fiscal – riding on the back of several new launches during the festive season.

The stocks of Maruti Suzuki India had hit an all-time high on Monday. The company added another 1.4 per cent gains to hit a fresh record high of Rs 9,167.70 after the global brokerage house raised target price.

Morgan Stanley has retained its overweight call and raised target price to Rs 10,563 (from Rs 9,102 per share). The decision implied a 16.8 per cent potential upside from Friday's closing price.

The ‘banker to every Indian’, State Bank of India, is now behind the carmaker for every second Indian, Maruti Suzuki, in market capitalisation.

At a market cap of Rs 2,73,106 crore, the Suzuki-promoted carmaker is now the sixth most valued company in the country.

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