Tata Motors becomes India’s most valuable car company, leaving Maruti Suzuki behind

New Delhi: Tata Motors has become India’s most valuable car company after seven years, overtaking Maruti Suzuki. Tata Motors stock hit a new high on the Bombay Stock Exchange on Tuesday.

Tata Motors and Tata Motors DVR had a combined market cap of Rs 3.16 trillion, while Maruti Suzuki had a slightly lower market cap of Rs 3.15 trillion, according to BSE data at 01:01 pm. Tata Motors was valued at Rs 1.76 trillion as of January 25, 2017, while Maruti Suzuki was valued at Rs 1.75 trillion, according to Capitaline data.

Today Tata Motors shares hit a record high, with Tata Motors up 3% at Rs 864.70 and Tata Motors DVR up 2% at Rs 574.95. In contrast, Maruti Suzuki shares remained stable at Rs 10,005. Meanwhile, the S&P BSE Sensex was down 0.40% at 71,653.

In the last year, Tata Motors’ share price increased by 90%, while Maruti Suzuki saw a rise of 13.5%. In comparison, the S&P BSE Sensex rose 21% during the same period. Also, read this.