Maruti Suzuki India Ltd has been the dominant player in the Indian automobile market since its establishment in 1981. The company introduced the Maruti 800 in 1983, which became an iconic vehicle and revolutionized the sector.

Maruti Suzuki offers a wide range of vehicles, including hatchbacks, sedans, SUVs, and vans, with a focus on affordability and fuel efficiency. They have a strong service network to support their customers.

Asit C Mehta has given Maruti Suzuki an ACCUMULATE rating with a target price of Rs 14,250 per share. The firm predicts a revenue compound annual growth rate (CAGR) of 7.2% from FY24 to FY27, with a forward price-to-earnings (P/E) multiple of 25x based on an estimated FY27 earnings per share of Rs 570. Maruti Suzuki is also expected to enter the electric vehicle (EV) market by FY25, further strengthening its position as a market leader in the passenger vehicle segment.