BOMBAY, March 18 (Reuters) - India's biggest car maker, Maruti Udyog Ltd. , told the Bombay exchange on Friday it would shut down production for two days -- March 19 and March 25 -- due to slower-than-expected demand. The company, which is 54.2 percent-owned by Japan's Suzuki Motor Corp. , said despite the revision in production, it would record its highest monthly sales ever in March. Shares in Maruti were down 1.6 percent at 429.25 rupees in a weak Bombay amrket.
Premium Content (PAID Subscription Required)
"India's Maruti says to shut output for 2 days -BSE" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.