Maruti shares the tank about 5 PCs; other auto scripts also fall
New Delhi, July 8 () Maruti Suzuki India shares fell by more than 5 percent on Monday after the company reduced vehicle production for the fifth consecutive month in June.
The program fell by 5.21 percent to close at Rs 6,033.15 in the BSE. During the day, it fell 5.95 percent to Rs 5,985.55, its minimum of 52 weeks.
In the NSE, shares decreased by 5 percent to close at Rs 6,038.70.
The largest automaker on Friday said it reduced total vehicle production, including Super Carry LCV, by 15.6 percent in June, to 1.11.917 units, compared to 1.32,616 units in the same month of the year. above, according to a regulatory document.
It reduced the production of mini segment vehicles, including models such as Alto, by 48.2 percent to 15,087 units last month compared to 29,131 units in the same period of the previous year.
In the same way, it cut the production of compact cars of the segment like WagonR, Swift and Dzire by 1.46% to 66,436 units in June from 67,426 previous units.
Automakers have been facing silent sales for quite some time.
Automakers such as Mahindra u0026 Mahindra and Tata Motors have also announced the adjustment of production to reduce market demand to reduce inventories. The sale was also seen in other automotive companies, with Hero MotoCorp decreasing by 5.31 percent, Tata Motors falling by 3.43 percent and Bajaj Auto ending with a fall of 2.05 percent in the BSE. SUM RVK RVK