Maruti has potential to reach 8300. Some fundamental movement happening in the stock. View is for educational purpose only. Not a recommendation to buy or sell. Please consult your financial advisor before taking entry in the stock.
BIG NEWS FOR MARUTI - when market is concerned about its market share -- expect announcements on EV plan from Maruti soon
MARUTI : SOURCES to CNBC AWAAZ reports @deepaliranaa
Likely to disclose Electric Car plan in Vibrant Gujarat Summit
Co likely to display EV & Hybrid products in Summit
Co working on EV, Hybrid Fuel and Flexi Fuel cars
Co likely rope in Toyota for Technology, Co-Branding
Co may look to launch EV SUV on the lines of S-Cross Model
ALERT:
Toyota has EV, Hybrid Fuel technology
Maruti current cash reserve at Rs 30,000 cr, no funding required for EV projects
Maruti earlier indicated TV18 about EV car launch before 2025
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Japan’s Suzuki Motor Corp. (SMC), Toshiba Corp. and Denso Corp. will jointly invest ₹3,715 crore in the second phase of their battery venture in Gujarat’s Hansalpur, a confidential company presentation showed. The investment, spread over 2021-25, is part of the ₹5,000-crore corpus that Suzuki announced in October 2019 to build India’s first lithium-ion battery manufacturing plant for EVs.