Maruti Suzuki stock slips to fresh 52-week low after flat sales growth

The stock price of Maruti Suzuki, country’s biggest car maker slipped to a fresh 52-week low today after the company reported a growth of less than a per cent in domestic sales for the month of September. Ahead of the festive season in October, September was anticipated to be a month of high growth in sales.

The Suzuki promoted company, which sells every second car in the country, sold 151,512 units of passenger vehicles (cars, vans and utility vehicles) to dealerships, showing a growth of just 0.7 in domestic sales. The company’s mini segment, under which cars like Alto and