Total passenger vehicle production stood at 1,09,641 units last month, down 16.34 percent from 1,31,068 units in June 2018.
Share price of auto major Maruti Suzuki fell close to 3 percent intraday on Monday hitting a 2-year low after the company informed bourses that it has cut vehicle production for the fifth consecutive month in June.
The auto major said it slashed total vehicle production, including Super Carry LCV, by 15.6 percent last month to 1,11,917 units as compared to 1,32,616 units in the year-ago month.
Total passenger vehicle production stood at 1,09,641 units last month, down 16.34 percent from 1,31,068 units in June 2018.
The auto major cut production of mini segment vehicles, including models like Alto, by 48.2 percent to 15,087 units last month as against 29,131 units in the year-ago period.
FOR MORE UPDATES CONTACT US @ RIPPLES ADVISORY OR 9644405057
No comments:
Post a Comment