Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI
Large Cap | Automobiles - Passenger Cars
15469.60
-294.40 (-1.87%)
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Maruti Suzuki orders 1 day shutdown of all facilities

Date: 06-06-2013

Maruti Suzuki, India's largest passenger carmaker, has ordered 1 day shutdown of all facilities. The company has declared that its facilities at Gurgaon and Manesar would be shut down on June 7. Further, its power-train factory at Manesar would also be shut. Surprisingly, its diesel car production at Manesar would be halted for the first time. This move is owing to low demand in diesel car segment.

The company has registered a fall of 14.4% in its total car sales (Domestic + Export) for the month of May at 84,677 units as against 98,884 units in May 2012. The company’s domestic sales also declined 13% in May 2013 at 77,821 units as against 89,478 units in corresponding month last year.