HomeNewsBusinessMarketsMaruti hits 52-wk low as parent Suzuki cuts India forecast

Maruti hits 52-wk low as parent Suzuki cuts India forecast

Maruti Suzuki shares hit a 52-week low of Rs 1,094.15 on NSE on Thursday after its Japanese parent lowered its growth forecast in India India, which accounts for a major share of its volumes, amidst high inflation and rising competition.

June 23, 2011 / 14:11 IST

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Nachiket Kelkar
Moneycontrol.com

Maruti Suzuki shares hit a 52-week low of Rs 1,094.15 on NSE on Thursday after its Japanese parent lowered its growth forecast in India, which accounts for a major share of its volumes, amidst high inflation and rising competition.

"With inflation and other issues, a decision was made (at Maruti) to lower the sales growth forecast for this financial year from the initial 13% to 8%

first published: Jun 23, 2011 10:39 am

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Maruti hits 52-wk low as parent Suzuki cuts India forecast

Maruti Suzuki shares hit a 52-week low of Rs 1,094.15 on NSE on Thursday after its Japanese parent lowered its growth forecast in India India, which accounts for a major share of its volumes, amidst high inflation and rising competition.

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