Maruti skids into the red
By
Research Desk
about 12 years ago
Maruti Suzuki is not doing too well today morning. The stock opened at Rs.1605 but soon slipped to Rs.1557.30, down over 3%.
The stock is down in the red today after it posted a third consecutive fall in monthly sales for May. The company reported a 14.4% decline in total sales in May’13 at 84,677 units v/s sales of 98,884 units in May’12. There was a 13% decline in domestic sales and exports fell sharper, down by 27%. Total passenger car sales dropped 8%.