Maruti Suzuki e VITARA sales commence, starts at Rs 10.99 lakh

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On the reaction day the stock moved 0.6 pts more than Nifty 100 and 0.5 pts less than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Maruti Suzuki starts selling its first electric vehicle, the e VITARA BEV. BaaS price starts at Rs 10.99 lakh plus battery EMI of Rs 3.99 per km. Bookings open at NEXA showrooms and website with Rs 21,000 initial payment. Price covers 49kWh model, based on 60km daily running.

Likely market impact

Entry into EV segment may support long-term growth and volumes for India's largest carmaker.