Maruti Suzuki jumps 4% after ramping up prices of Eeco van

NEW DELHI: Shares of Maruti Suzuki gained almost 4 per cent Wednesday as the country’s largest carmaker announced an increase in prices of all non-cargo variants of its Eeco van by Rs 8000.

The scrip rose to a high of Rs 7,370.75 on the BSE as against the previous close of Rs 7,086.15.

The rise in prices of the non-cargo varieties of the Eeco vehicle are on account of introduction of passenger airbag and the increased fare will be effective from November 30, Maruti said in a statement on Tuesday.


The starting price of the passenger version of the Eeco is Rs 4.3 lakh and scales up to Rs 5.6 lakh. The variant which is used for ambulances ex-showroom Delhi is priced at Rs 7.29 lakh.

The Eeco has four variants through five and seven-seat layouts and the vehicle is powered by a 1.2-litre, four-cylinder, G12B petrol engine, reports said. The version which only runs on petrol produces 72bhp and 98Nm of torque as against the the petrol-CNG variant produces 62bhp and 85Nm of torque. The only gearbox on offer is a five-speed manual transmission.

In what was the third price hike for passenger vehicles, the automobile major had in September ramped up prices of its overall product range by up to 1.9 per cent, with the exception of Celerio.

In July-September, Maruti Suzuki’s earnings undershot estimates because of disruptions on the supply side, with net profit rising 7.8% quarter-on-quarter to Rs 475.3 crore.

The company’s revenue rose 15.6 per cent on-year to Rs 20,538.9 crore in the quarter under review while earnings before interest, tax, depreciation and amortization climbed 8.9 per cent to Rs 854.9 crore (YoY).