Maruti Suzuki slips 3%, hits over 5-month low

The taxes on motor vehicles in India have historically been among the highest in the world and need to be rationalised, MSIL Chairman RC Bhargava said at an event on Monday.

Shares of Maruti Suzuki India (MSIL) hit an over five-month low of Rs 8,290.20, on falling 3 per cent on the BSE in Wednesday’s intra-day trade. At 02:47 PM, the stock traded 2 per cent lower at Rs 8,346, and was one of the top loser among the S&P BSE Sensex. The benchmark index was down 0.67 per cent at 61,287.

Currently, Maruti trades at its lowest level since June 24, 2022. In the past three months, the stock has shed 10 per cent, as compared to 3 per cent rise in the S&P BSE Sensex. Further, in the