Maruti To Start Paying Royalty To Parent Company In Rupee

The company, which is investing Rs 2,000 crore on a research and development facility, including a test track at Rohtak in Haryana, will enter the SUV segment early next year. "Maruti has not been present in the SUV segment and Suzuki Japan has been aware of it.

Early next year we will launch our SUV and a compact SUV will follow a year later. With these we will have sizeable presence in the SUV segment and fill unutilised capacity at Gurgaon and Manesar plants," Bhargava said.

On the Gujarat plant, Bhargava urged the shareholders to vote favourably in the voting that is to take place sometime next month to let Suzuki own and invest at the facility. He reiterated that it was a win-win situation and would enable MSI to invest on strengthening sales and after sales network and enhancing R&D capability.

Maruti Suzuki stock price On September 05, 2014, Maruti Suzuki India closed at 2884.35, down Rs17, or 0.59 percent. The 52-week high of the share was Rs 2963.70 and the 52-week low was Rs 1240.00. The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 29.91. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.15.