Maruti Suzuki Stock Falls Amid EV Production Cut

  Published 10 months ago

Maruti Suzuki shares drop 1.1% as EV production cuts hit, despite analyst 'buy' ratings and 15% annual gains.

  • Stock hits 12,496 rupees after cutting e-Vitara output by two-thirds due to rare earth shortages.
  • Analysts maintain a 'buy' average rating despite near-term production challenges.
  • Shares up 15% this year, outperforming the auto sector amid EV strategy optimism.

You might like these

Cement Growth Slow, UltraTech & Ambuja Surge

Reliance Invests in Facegym for Beauty Expansion

Trump's Tariffs & Harvard Clash: US Soft Power at Risk

India's Forex Reserves Surge to $690 Billion

Bhopal Sewerage Project Awarded

Hyundai hires Indian CEO, $5B India plan

SEBI Leaders Must Disclose Assets

News that matters the most ⚡