March 18, 2019 / 4:41 AM / 3 months ago

BUZZ-Maruti Suzuki India slips on report of production cut by a quarter

** Shares of India’s top-selling car maker Maruti Suzuki India Ltd fall as much as 4.3 pct; mark their biggest daily percentage loss since Jan 25

** Maruti is estimated to have cut production by 26.8 pct to about 126,000 units, Business Standard reports, citing sources familiar with the matter

** Slowing demand and uncertainties ahead of the elections pushed the production level this month to its lowest since March 2015, Business Standard reports

** Maruti did not immediately respond to a request for comment

** More than 415,000 shares traded, as of 1003 GMT, 0.6 times their 30-day moving avg of 714,618 shares

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