The industry is also seeking to continue interest rate subvention scheme for farmers
The automobile industry has lined up its set of expectations from the Union Budget as the sector is currently passing through a lean patch
According to CARE Ratings report, the sector expects the Jawaharlal Nehru National Urban Renewal Mission (JNNRUM), which ended on March 31, 2014, to be replaced by a new scheme. CARE feels the move would be a positive one for the industry as it will provide much needed support to bus manufacturers in terms of purchase by state transport units (STUs) on a pan-India basis.
The industry is also seeking to continue interest rate subvention scheme for farmers. At present, the short-term crop loans to farmers stands at 7 percent p.a. and an additional subvention of 3 percent is given to prompt-paying farmers. According to CARE, this leads to low cost of borrowing for farmers, thus increasing their disposable income, thereby boosting tractor and two-wheeler sales.
The sector also expects an increase in agri-credit from the current Rs 8,00,000 crore. CARE feels this will lead to increased money supply in rural areas, thereby boosting tractor and two-wheeler sales.
Maruti Suzuki stock price
On February 11, 2015, at 14:12 hrs Maruti Suzuki India was quoting at Rs 3458.50, up Rs 65.95, or 1.94 percent. The 52-week high of the share was Rs 3758.00 and the 52-week low was Rs 1551.00.
The company's trailing 12-month (TTM) EPS was at Rs 106.83 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 32.37. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.98.
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