Maruti Suzuki reported its worst drop in domestic sales in 18 years. The company's June quarter sales dropped 19%. It was the worst reported since 2001-01. Maruti's stock was down 25.5% this year, fell 23.3% last year. The drop was triggered by weak demand, regulatory changes and more competition. The automobile sector has been battling a spiraling 10-month slowdown. Several brokerages have downgraded Maruti Suzuki's shares. Maruti Suzuki's June quarter net profit is down 27% from last year which is its steepest decline in the last five years.
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