The stock of the country's largest passenger vehicle (MSIL), has been hitting successive all-time highs over the past three trading sessions. The rally in the scrip has helped it notch over a 21 per cent gain since the start of February, outperforming the National Stock Exchange Nifty Auto Index.
The gains for the leader of small passenger cars have been more recent, as the company still trails Nifty Auto over one- and two-year periods.
The company had a weak model pipeline in 2020-21 and 2021-22 in contrast to its peers, who launched a fleet of vehicles in the utility vehicle (UV) segment.
This led to the Japanese-owned carmaker's market share in the UV segment falling from 28 per cent in 2018-19 to a low of 18 per cent in 2022-23. However, the company has launched four models (the Grand Vitara, Jimny, Fronx, and the Invicto) and a Brezza refresh over the past year and a half, helping it to regain most of its share.
Arun Agarwal, vice-president and analyst-fundamental research MSIL's wholesale volume (year on-year) in January and February 2024 has been better compared with volume growth in the nine months of 2023-24 (FY24).
Bu hikaye Business Standard dergisinin March 25, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin March 25, 2024 sayısından alınmıştır.
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