Gujarat's chief minister Anandiben Patel today performed the ground-breaking ceremony for auto major Maruti Suzuki's plant in Hansalpur in Gujarat. The manufacturing facility, which is likely to start production by mid-2017, will have an initial capacity of 2,50,000 units a year.
Discussing the company's plans for the Gujarat plant, Maruti Suzuki Chairman RC Bhargava, said though the products to be made from the plant have not yet been finalized, the basic thing is that production between Gujarat and Manesar and Gurgaon has to be planned so as to optimise the cost and the logistical cost of the production.
"We will have to look at what the market is likely to be in 2017-2018 and 2018-2019 and on that basis decide what should be produced where," he said.
Maruti Suzuki stock price
On January 28, 2015, Maruti Suzuki India closed at Rs 3724.75, up Rs 39.55, or 1.07 percent. The 52-week high of the share was Rs 3758.00 and the 52-week low was Rs 1541.25.
The company's trailing 12-month (TTM) EPS was at Rs 106.83 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 34.87. 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 5.36.
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