19 Sep 2025 | 3 Mins Read
Nomura expects Maruti to take 100 basis point margin hit near term
Flipitmoney
Maruti Suzuki reduced prices of its entire model range by up to Rs 1,29,600 to pass on GST rate cut benefits to customers. Nomura said price cuts may improve market share but hit margins by 100 bps. Morgan Stanley maintained "overweight" rating and target price of Rs 18,360, implying a 16% potential upside.