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Maruti Suzuki slips as production declines

Capital Market 

Maruti Suzuki India declined after the auto company reported fall in total automobile production in October 2019 over October 2018.

The scrip was trading 0.56% lower at Rs 7,160.35. It traded in the range of Rs 7,144.35 to Rs 7,179.55 so far during the day.

Shares of Maruti Suzuki India have been on a continuous decline over six trading sessions, falling 5.99% to its current market price from a recent closing high of Rs 7,616.25 on 1 November 2019.

Maruti Suzuki India's total automobile production fell 20.67% to 1.19 lakh units in October 2019 from 1.50 lakh units in October 2018.

Total passenger vehicles produced in October 2019 stood at 1.17 lakh units, down by 20.95% from 1.48 lakh units in October 2018.

The production of light commercial vehicles fell 10.33% to 1,954 units in October 2019 as against 2,179 units in October 2018.

Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 11 2019. 09:21 IST