Maruti Suzuki falls 3.64 per cent as production halts

Maruti Suzuki has stopped production at its plants situated in Haryana. Reacting to this news, the stock of the company fell by 3.64 per cent.

Country’s leading passenger car manufacturer has decided to shut down the passenger vehicle manufacturing operations at the company’s Gurugram and Manesar plants located in Haryana. The plants will be shut down on September 7th and 9th, observing these as no production days. Earlier also, the carmaker had cut its production owing to weak demand.

Maruti Suzuki India Limited is an automobile manufacturer based in India and has its headquarters in New Delhi. The company is a subsidiary of Japanese car and motorcycle manufacturer Suzuki Motor Corporation which holds 56.21 per cent stake in the subsidiary. Popular products of Maruti Suzuki include cars like Ciaz, Ertiga, Wagon R, Swift, Celerio, Omni, Ignis, Brezza, etc.

Reacting to this news, the stock of the company closed at Rs. 5829.75, down by 3.64 per cent or Rs. 220 per share. The intraday low was Rs. 5798.25 and intraday was Rs. 6077.00. The 52-week high is Rs. 8999.10 and 52-week low is Rs. 5447.00 on BSE.