The Maruti Suzuki share price moved higher in the stock market today after the company made a big announcement. India’s largest carmaker launched its first electric SUV — the e Vitara — with a battery rental model.
Investors reacted quickly.
Shares of Maruti Suzuki India rose more than 1% and touched Rs 15,211 apiece on Tuesday. The move came soon after the company informed exchanges about the rollout of its new electric vehicle.
Let’s break down what happened and why it matters.
Market Performance: Maruti Suzuki Share Price Gains in Stock Market Today
The Maruti Suzuki share price saw fresh buying interest following the EV launch update.
- Stock gained over 1%
- Touched an intraday high of Rs 15,211
- Momentum picked up after official exchange filing
In the stock market today, investors seem to be tracking EV developments closely. The launch of a new electric vehicle from the country’s top automaker gave the counter fresh energy.
This wasn’t a random spike. It followed a concrete business announcement.
Main News: Maruti Suzuki Launches e Vitara EV with Battery Rental Plan
Maruti Suzuki announced that it has commenced sales of its first battery electric vehicle (BEV) — e VITARA.
The company introduced the SUV with a Battery-as-a-Service (BaaS) model.
Key Pricing Details
- Introductory BaaS price: Rs 10.99 lakh
- Battery rental cost: Rs 3.99 per kilometre
- Booking amount: Rs 21,000
Customers can book the vehicle at NEXA showrooms or via the official website.
In addition, the company is offering:
- Complimentary home charger and installation worth Rs 50,000
- Free charging for one year
The battery comes with:
- 8-year warranty
- Vehicle warranty of 3 years
- Option to extend vehicle warranty up to 5 years with additional payment
This structured approach — upfront vehicle cost plus battery rental — is a clear shift in pricing strategy.
Inside the e Vitara: What the New EV Offers
The new electric SUV is built on a strong technical platform.
It features:
- High capacity battery with 120 lithium-ion cells
- Designed to operate between -30°C to 60°C
- Over 50% high-tensile steel for structural rigidity
- Long wheelbase of 2700mm
- Turning radius of 5.2 metres
These numbers show that the model is engineered for durability and city usability.
The vehicle is also equipped with ADAS Level 2 features, including:
- Adaptive cruise control
- Lane keep assist
- Adaptive high beam system
- Blind spot monitoring
This marks a significant technology shift for the brand in the EV space.
Built in India, Exported Globally
The e Vitara has been developed under the global design and manufacturing partnership of parent company Suzuki Motor Corporation and Toyota Motor Corporation.
Production began in India in August last year.
In 2025 alone:
- 13,000 units exported
- Reached 28 countries
This signals that the EV is not just a domestic product. It is part of a larger global plan.
Why Maruti Suzuki Share Price Reacted in the Stock Market Today?
When a market leader enters a fast-growing segment, investors pay attention.
The Maruti Suzuki share price gained because:
- It marks the company’s first EV launch
- The battery rental plan lowers upfront entry cost
- Added value through charger installation and free charging
- Strong warranty structure
- Export presence already in place
The stock market today rewarded clarity and execution.
There was no speculation. Just a product launch backed by numbers.
Company Overview: Maruti Suzuki India
Maruti Suzuki India remains India’s top passenger vehicle manufacturer.
The company has traditionally dominated the petrol and small-car segment. With the e Vitara EV, it steps firmly into the electric SUV category.
Key highlights from the launch:
- First Battery Electric Vehicle
- Battery-as-a-Service pricing model
- Global production and export footprint
- Built on high-tensile steel platform
- 120-cell lithium-ion battery setup
The move expands its portfolio beyond internal combustion engines.
What This Means for the EV Segment?
The structure of pricing stands out.
Instead of bundling battery cost into the vehicle price, Maruti Suzuki separated it. The Rs 3.99 per km battery rental model changes how buyers may evaluate ownership.
Combined with:
- 8-year battery warranty
- 1-year free charging
- Complimentary charger installation
The overall value positioning becomes clearer.
From an engineering standpoint, features like:
- 2700mm wheelbase
- 5.2m turning radius
- ADAS Level 2
Show that the product has been positioned as a modern urban SUV.
Summary: Maruti Suzuki Share Price and Stock Market Today
Here is the quick recap:
- Maruti Suzuki share price rose over 1%
- Stock hit Rs 15,211
- Company launched first EV — e Vitara
- Introductory BaaS price at Rs 10.99 lakh
- Battery rental at Rs 3.99/km
- Exports at 13,000 units in 2025
- Presence in 28 countries
The stock market today reacted positively to a clear strategic step into the electric vehicle space.
For now, the focus remains on execution, customer acceptance, and how this new business model scales.
But one thing is clear.
The EV journey for Maruti Suzuki has officially begun — and the market noticed.
Source: Moneycontrol
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