Maruti Suzuki falls on muted sales outlook | business | Hindustan Times
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Maruti Suzuki falls on muted sales outlook

business Updated: Jul 26, 2013 12:11 IST

Reuters
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Shares in Maruti Suzuki India Ltd fail to hold on to earlier gains and are down 2.2% after analysts raised concerns about the carmaker's cautious outlook on car sales.


Although investors initially reacted positively to April-June results that showed a 49% rise in net profit, analysts warned Maruti Suzuki's cautious outlook on car demand could weigh on shares in the near-term.

A rise in discounts to push sales amid softening demand in diesel vehicles is also seen weighing on Maruti Suzuki shares, analysts add.

Company expects sales volumes to grow up to 5% in the current financial for domestic market.