Has Maruti Suzuki lost track or is it the whole car industry?
Both the industry and analysts have lowered FY19 growth estimates for passenger vehicles down to nearly 4.5% from 8% earlier
Maruti Suzuki shares fell more than 8% on Friday and hit a 52-week low
Investors were jolted out of their seats on Friday after Maruti Suzuki India Ltd reported a sharp narrowing of operating profit margin to under 10%. The company’s flagging sales volume data had given the impression that the company has hit a rough patch, but with margins also dropping sharply, it now looks like it will be a rocky road to recovery.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started