Maruti Suzuki hits over 2-year low; down 10% in three days

The stock was down 2% to Rs 5,911, its lowest level since March 9, 2017.

Shares of Maruti Suzuki India hit an over two-year low of Rs 5,911, down 2 per cent on Tuesday. The scrip has fallen 10 per cent in the past three trading days, after the country's largest car maker cut vehicle production for the fifth consecutive month in June. The stock of passenger vehicle Company was trading at the lowest level since March 9, 2017.

The auto major said it slashed total vehicle production, including Super Carry LCV, by 15.6 per cent last month to 111,917 units as compared to 132,616 units in the year-ago month.

Analysts at Deutsche