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Maruti Suzuki closes over 3% after company plans to expand mobile services vans

Maruti Suzuki closes over 3% after company plans to expand mobile services vans

Maruti Suzuki closes over 3% after company plans to expand mobile services vans
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By CNBCTV18.com Oct 11, 2021 5:10:36 PM IST (Updated)

Shares of Maruti Suzuki closed over 3 percent on Monday. On the Bombay Stock Exchange (BSE), the company's shares rose as much as  3.66 percent to shut at Rs 7,697.90.

Shares of Maruti Suzuki closed over 3 percent on Monday. On the Bombay Stock Exchange (BSE), the company's shares rose as much as  3.66 percent to shut at Rs 7,697.90.

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On the National Stock Exchange (NSE), the company's shares finished at Rs 7,680 apiece intraday, up 3.36 percent.
This development is likely on the back of the largest carmaker increasing the number of its mobile service vans to over 300 by the end of this fiscal. The new move is being made under its Service on Wheels initiative, according to a senior company official. Driven by 'Maruti Suzuki Service on Wheels' and steps taken at its workshops, including digitisation and safety and hygiene measures, the company's vehicle servicing business has been able to do better in the second quarter than what it did in the comparable period of 2019-20, before the pandemic hit.
"Maruti service bounced back very quickly after the COVID-19. Our service on wheels has become a huge hit. The customers today are preferring that," MSIL Senior Executive Director, Service, Partho Banerjee told PTI.
Earlier the company was doing only free servicing of vehicles at the doorsteps of customers as paid services required lifting on the vehicle. The company then addressed the issue by coming up with the concept mobile service on the Super Carry (the company's light commercial vehicle) platform, he added.
-With PTI inputs
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