Sales plunged by 36% in July for automobile major Maruti Suzuki – highest fall in two decades

India’s largest passenger vehicle maker, Maruti Suzuki India Ltd witnessed the sharpest drop in sales in the last two decades.

The high base effect of the first half of the last fiscal, strict credit rules by financial institutions and economic slowdown are supposedly the main factors.

Only the light commercial vehicle( Super carry mini truck) category clocked a half percent growth. The sales of utility and domestic vehicles also dropped.

Despite the fall in sales for July, the company shares closed at an advance of 101.95 points on BSE.

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