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Maruti Suzuki India shares fell nearly 3 per cent in early morning trade amid a one-day production shutdown at its two plants at Gurgaon and Manesar today ahead of a six-day scheduled maintenance closure later this month.
After making a weak opening, the scrip further shed 2.62 per cent to Rs 1,545.50 on the BSE. On the NSE, the scrip went down by 2.65 per cent to Rs 1,545.
The stock was the top loser among the blue-chip stocks.
The one-day shutdown is to adjust production to market demand, a company spokesperson had said, adding that the plants will also remain closed on June 8 for a scheduled holiday.
The development comes in the wake of continued slump in the automobile market.
Maruti Suzuki had reported a 14.4 per cent decline in its total sales in May at 84,677 units. Its domestic sales declined 13 per cent to 77,821 units against 89,478 units in May 2012.
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