Maruti Suzuki India on Wednesday launched its new car, Jimny, at a starting price of Rs 12,74,000 (ex-showroom). The stock of the country's largest carmaker by market share scaled a 52-week high.

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Maruti Suzuki first showcased the SUV at the Auto Expo in January this year alongside Fronx. The five-door Jimny is offered in two variants: Zeta and Alpha.

The auto major has already received over 30,000 bookings for the Jimny to date.

Maruti Suzuki Jimny SUV features

  • The SUV has five monotone colour options: Granite Grey, Nexa Blue, Bluish Black, Pearl Arctic White and Sizzling Red
  • It also has one dual-tone colour option: Kinetic Yellow
  • The newly launched car is powered by a 1.5-litre K15B petrol engine that belts out 103bhp and 134Nm of torque
  • It sports a nine-inch touchscreen infotainment system with Apple CarPlay and Android Auto.
  • The Jimny has a rectangular black dashboard, circular AC vents and steering-mounted controls
  • It comes with a leather-wrapped steering wheel, near-flat reclinable front seats and luggage hook screw holes

What analysts say on Maruti Suzuki 

Maruti Suzuki is expected to outperform in a moderating growth environment in FY24E, driven by its promising product pipeline, Motilal Oswal said, estimating the auto firm’s market share to recover around 44.4 per cent by FY25E with the launch of three new products.

The brokerage said that this recovery in market share, along with a favourable mix of rising SUV share and operating leverage, will help Maruti Suzuki sustain margin recovery and expects company to benefit from its strength in CNG and strong hybrid in the face of tighter emission norms.

Motilal Oswal has a ‘buy’ rating on the stock with a target price of Rs 10,400 per share.

Maruti Suzuki share price: Past performance

Since the Q4 results announcement last month, the auto maker’s stock has surged around eight per cent and gained nearly 17 per cent so far this year. Other auto stocks such as Bajaj Auto, Tata Motors, Mahindra & Mahindra and TVS Motor Company also hit respective 52-week highs on Wednesday.

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