Maruti Suzuki India Ltd (MARUTI-532500) Share Price Only Below 6,000 Big Downfall Expected Target 200—300 Points
The country’s largest car maker Maruti Suzuki India (MSI) has cut vehicle production for the fifth consecutive month in June, according to a regulatory filing.
The auto major said it slashed total vehicle production, including Super Carry LCV, by 15.6 percent last month to 1,11,917 units as compared to 1,32,616 units in the year-ago month.
Total passenger vehicle production stood at 1,09,641 units last month, down 16.34 percent from 1,31,068 units in June 2018.
The auto major cut production of mini segment vehicles, including models like Alto, by 48.2 percent to 15,087 units last month as against 29,131 units in the year-ago period.
