Maruti Suzuki India (MRTI.BO) New Brezza Launched - 1L Turbo Engine Option Could Be a Big Customer Pull

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Maruti Suzuki India (MRTI.BO) New Brezza Launched - 1L Turbo Engine Option Could Be a Big Customer Pull

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26 Jul 2026 17:35:02 ET │ 13 pages

Maruti Suzuki India (MRTI.BO)

New Brezza Launched - 1 L Turbo Engine Option Could Be a Big

Customer Pull

CITI'S TAKE Buy

Price (24 Jul 26 15:30) Rs13,457.50 Maruti Suzuki has launched the new Brezza at an introductory price of

Target price Rs18,500.00 Rs739,900, with the key highlight being introduction of the 1.0L Turbo

Boosterjet variant, alongside upgrades across the K15C petrol and S-CNG Expected share price return 37.5%

range (1462cc). The refresh adds a new 1.0L turbo-petrol engine (110hp, Expected dividend yield 1.1%

170Nm) in addition to the previous 1.5L variant, a new 6-speed manual Expected total return 38.5%

transmission across powertrains, enhanced safety features, upgraded Market Cap Rs4,231,073M

infotainment and improved interiors. The company has also introduced an US$43,815M

underbody CNG tank configuration that preserves boot space. With the

new 1.0L variant, Brezza will shift to the 18% GST bracket, which has

enabled Maruti to lower the starting price (LXI) by ~11% vs. previous

starting price of Rs826,000 (we estimate). We believe the new Brezza Arvind SharmaAC

could boost volumes for Maruti given more features and enhanced engine +91-22-6175-9852

at a lower price. We reiterate Maruti as our top sector pick. arvind1.sharma@citi.com

Sanchit Chandna

Aggressively priced turbo engine variant could drive higher volumes: Maruti +91-22-6175-9824

appears to have increased the prices of the 1462cc variant by about 3-5% (we sanchit.chandna@citi.com

estimate), possibly due to raw material inflation and better features. The turbo

engine variant, on the other hand, has been aggressively priced. The company could