Shares of Maruti Suzuki broke their ceiling and reached a new all-time high of Rs 10,397.95 on 1 September after the company reported its highest-ever monthly sales number for the month of August.

The company’s total sales numbers stood at 1.89 lakh units in August, which is 14.5% more than the same month a year ago.

Domestic sales also jumped 14.5% on month to 1.64 units, whereas the exports were also up 15% YoY to 24,614 units against the 21,481 units in the year-ago month.

Maruti Suzuki has also announced its intentions to consider a stock split as per the company’s shareholders’ request.

The company also plans to invest Rs 45,000 crore to double its annual production capabilities to 4 million vehicles by 2031.

The company aims to achieve a substantial market share in the SUV (Special Utility Vehicles) segment, which is expected to fuel margin improvements in the second half of the current fiscal year.

At 3:30 pm, the shares of Maruti Suzuki closed at Rs 10,320.10 or 3.16% above its previous close on NSE.