Maruti Suzuki dips on suspension of petrol car production report
The stock, the largest loser among Sensex stocks, was down 2% compared to 1% rise in benchmark index.
Maruti Suzuki (India) is trading lower by 2% at Rs 1,425 in otherwise firm market in noon deals on reports that the car major may suspend production of petrol cars at Gurgaon plant.
“Maruti Suzuki India will suspend production of petrol cars at one of its plants on Saturday, as the country's top car maker looks to cut inventory amid slowing sales,” the Reuters report suggests quoting a company executive.
The stock, the largest loser among Sensex stocks, opened at Rs 1,460 and hit a low of Rs 1,416 on NSE. A combined 559,571 shares have changed hands on the counter so far on NSE and BSE.
“Maruti Suzuki India will suspend production of petrol cars at one of its plants on Saturday, as the country's top car maker looks to cut inventory amid slowing sales,” the Reuters report suggests quoting a company executive.
The stock, the largest loser among Sensex stocks, opened at Rs 1,460 and hit a low of Rs 1,416 on NSE. A combined 559,571 shares have changed hands on the counter so far on NSE and BSE.