Maruti Suzuki Stock Falls Amid EV Production Cut

  Published 1 year 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.

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