Mayur_Undale

Maruti_14% upside potential

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Mayur_Undale Diupdate   
NSE:MARUTI   MARUTI SUZUKI IND
Maruti has potential to reach 8300. Some fundamental movement happening in the stock.
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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.
Trading ditutup: target tercapai:
8300 price reached on 17 Jan 2022
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