Remain invested in Maruti Suzuki: Tulsian

Investment Advisor, SP Tulsian is of the view that remain invested in Maruti Suzuki.

Tulsian told CNBC-TV18, “The present position of Maruti Suzuki are already having vehicles sales of 1 million plus. Infact they have reached their capacity, they are the leader in the small car segment as well as in the petrol version. But with Volkswagen coming in and buying close to about 20% stake in the parent company will enable them to launch the diesel car which has been very much required or needed for the Indian market plus they may be able to increase the models in the upper segment where they did not have much success so all those things most likely entry in the diesel segment as well as in the upper car segments will give them a growth otherwise the saturation has been coming in."

He further added, "We have been seeing monthly sales of getting packed between 85000 to 90,000 vehicles per month so I think with this collaboration or this strategic investments one can expect the monthly sales exceeding one lakh mark per month. This will definitely be a value accretion for the stock and those who are holding it are advice to remain invested."