Maruti Suzuki surpasses parent company in market value

Maruti Suzuki has managed to pass its parent company Suzuki, in terms of market value. Its stock has grown a massive 65 per cent in the last one year upping its value to 19.73 billion USD (Rs 1.26 lakh crore). Parent company Suzuki, meanwhile, is currently valued at 19 billion USD (Rs 1.21 lakh Crore).

A report in the Economic Times suggests that while Suzuki’s operations around the world have taken a beating in recent times due to various factors, its Asian operations, India in particular, have been consistent in achieving good numbers.

The Indian operation has been the most successful venture for the Japanese automaker since it began operations more than 32 years ago. As disclosed by Suzuki last year, it holds a 56 per cent stake in the Indian arm but got a massive 40 per cent of its global earnings from Maruti Suzuki. It expects this number to go up to 60 per cent by 2020.

Source:ETAuto