Maruti Suzuki gets target price hike. (Image source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Investec has hiked its target price for Maruti Suzuki India Ltd. to Rs 18,475 from earlier Rs 13,980. The brokerage believes that the company is well placed to benefit from the anticipated demand upturn driven by GST rate rationalisation and monetary easing measures, given its higher exposure to to the price-sensitive small car segment.

It further noted that, "the recent launch of Victoris should in our view strengthen Maruti's presence in the fast-growing mid-size SUV space, where it currently has a modest share. Additionally, implementation of the 8th pay commission from 2026 should help Maruti."

Rationalisation in GST rates should provide a much-needed flip t

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