Maruti Suzuki India Limited
Kotak Mutual Fund trimmed its stake in Maruti Suzuki India Limited from 1.37% to 1.30%, selling 2,17,057 shares.
India's leading passenger vehicle manufacturer, Maruti Suzuki designs, produces and sells cars, utility vehicles, components and spare parts across the country. Established in 1981 as a joint venture between the Government of India and Japan's Suzuki Motor Corporation, the company has grown to become SMC's largest subsidiary by production and sales volume. It maintains dominant market position in the Indian passenger vehicle segment through its diverse product portfolio and manufacturing capabilities.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.