NEW DELHI :
Shares of Maruti Suzuki India (MSI) fell nearly three per cent Monday amid production cut in February on account of subdued demand.
On BSE, the stock declined 2.56% to close at ₹6,910.35. Intra-day, it dropped 4.39% to ₹6,780.20.
On NSE, the scrip declined 2.56% to settle at ₹6,902.
The stock was the worst hit on Monday among the frontlines on both key indices.
The country's largest carmaker cut production by over 8% in February on account of subdued demand.
The auto major produced a total of 1,48,959 units, including Super Carry LCV, across its factories last month, down 8.3 per cent from 1,62,524 units produced in the year-ago period, as per an analysis of the company's data on BSE.
The production of passenger vehicles including Alto, Swift, Dzire and Vitara Brezza declined 8.4% to 1,47,550 units as compared with 1,61,116 units in February 2018.
MSI declined to comment on the reasons for taking this production cut.