Despite new Maruti Alto 800 small car buzz Maruti Suzuki reduces growth forecasts by 50%
Excessive demand is being felt towards diesel vehicles which have risen by 58% this year as against 47% in the last year and 36% in the year prior. This share is expected to reach over 60% by December 2012 and hence the decisions in this regard being taken by the company.
Shares of MSIL also slipped by 1% on opening trade on Friday following reports that the company had reduced their growth forecasts for the coming year by 50%. As trading opened at 9.30 am, MSIL was trading at over 1% loss while trading continued to 0.2% lower with share prices varying between Rs.1,355 and Rs.1,369.20.