Maruti Suzuki shares jump nearly 3%, hit 52-week high on e-Vitara launch

Shares of Maruti Suzuki today jumped nearly 3% to hit a fresh 52-week high of Rs 14,825 on the NSE after India's largest passenger car maker flagged off its first Battery Electric Vehicle (BEV), e-Vitara in Gujarat.

Prime Minister Narendra Modi launched the e-Vitara at Hansalpur. The EV, made in India, will be exported to over 100 countries. PM Modi hailed the day as a milestone in India’s journey towards becoming a hub for sustainable transportation.

The launch coincided with the commencement of hybrid battery electrode production at a new plant in Hansalpur, giving a boost to India’s EV battery ecosystem. First showcased at the Bharat Mobility Global Expo in New Delhi earlier this year, the e-Vitara is Maruti Suzuki’s debut EV and marks the company’s global push in the electric segment.


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Chairman R.C. Bhargava said that the company plans to export between 50,000-100,000 EVS on an annualised basis.

Shares of Maruti Suzuki have been on a fast lane over the past one year period, outperforming the sector and the broader Nifty. Its one-year returns stand at 20% versus 1% decline by Nifty and 2% fall in Nifty Auto. On the year-to-date basis, Maruti shares have climbed 31% versus 4% by Nifty and 10% by Nifty Auto.

Automaker Maruti Suzuki India reported a marginal 0.9% year-on-year (YoY) increase in consolidated net profit to Rs 3,792 crore in Q1, up from Rs 3,760 crore in the year-ago period. Revenue from operations rose 8% YoY to Rs 38,605 crore, compared to Rs 35,779 crore posted in the corresponding quarter of the previous fiscal year.

On a sequential basis, net profit declined 3% from Rs 3,911 crore reported in the quarter ended March 2025.

On a standalone basis, net profit rose 2% YoY to Rs 3,712 crore, compared to Rs 3,650 crore in the same period last year. Standalone revenue from operations grew 8% YoY to Rs 38,414 crore, up from Rs 35,531 crore in the year-ago quarter.

Sequentially, standalone net profit remained largely flat, inching up slightly from Rs 3,711 crore reported in the March 2025 quarter.

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