Maruti Suzuki falls on outlook concerns

Mon Dec 24, 2012 12:08pm IST

The brand name of Maruti Suzuki is pictured on a Swift car at the company's stock yard in Ahmedabad April 25, 2011. REUTERS/Amit Dave/Files

The brand name of Maruti Suzuki is pictured on a Swift car at the company's stock yard in Ahmedabad April 25, 2011.

Credit: Reuters/Amit Dave/Files

Related Topics

Stocks

   
Election 2014

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

Reuters Market Eye - Maruti Suzuki shares fall 1.5 percent on concerns about the domestic passenger car sales outlook.

Angel Broking says Maruti Suzuki expects "muted" volume growth of around 6 percent in fiscal 2013 and 6-7 percent in fiscal 2014, according to a note on Monday, citing the automaker's management.

The fiscal 2013 growth expectations are in line with Angel's forecasts but the 2014 volumes would be below the brokerage's 10-12 percent growth expectations.

"The management expects the domestic demand environment to remain challenging going ahead due to macroeconomic pressures and higher fuel prices. Further, the exports growth will also remain under pressure due to economic concerns in Europe," Angel says.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Eyeing Role

Eyeing Role

Top economist Jagdish Bhagwati eyes role in Modi government  Full Article 

Election 2014

Election 2014

Breakingviews: Singh wasn’t king, Modi could be  Full Article 

Telecom Sector

Telecom Sector

Japan's NTT DoCoMo to exit India telecoms joint venture - sources  Full Article 

Next Nokia CEO

Next Nokia CEO

Nokia to name Rajeev Suri as next CEO on Tuesday - report  Full Article 

Conspiracy Lawsuit

Conspiracy Lawsuit

Apple, Google agree to pay over $300 million   Full Article 

Stock Split Trend

Stock Split Trend

Trend-setter Apple's stock split could bring out the copycats  Full Article 

Winning Start

Winning Start

Microsoft beats Wall Street on new CEO debut   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage