Maruti Suzuki Shares Rally on GST Cuts and New SUV Launch

Maruti Suzuki India Limited saw its shares climb 1.64% to ₹14,895 on September 5, buoyed by government tax reforms and the debut of its Victoris SUV. Trading volumes hit 4.74 lakh shares, totaling ₹702.61 crore, as the stock neared its 52-week high of ₹15,240.

The GST Council's decision to slash rates on sub-350cc vehicles from 28% to 18%—effective September 22—directly benefits India's small car market leader. Axis Securities upgraded the stock to 'Buy' with a ₹16,425 target, citing the tax cuts as a structural catalyst to revive post-pandemic demand.

Maruti's new Victoris SUV, featuring Level 2 ADAS and hybrid powertrain options, enters the market with ₹11,000 advance bookings. Analysts anticipate the dual tailwinds of GST rationalization and festive demand to accelerate passenger vehicle sales, despite August's temporary slowdown as buyers awaited policy clarity.