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Maruti Suzuki slips as production declines

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Capital Market
Last Updated : Nov 11 2019 | 9:50 AM IST

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.

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

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First Published: Nov 11 2019 | 9:21 AM IST

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