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Friday, 2 December 2011

New Swift offer hopes for Maruti Suzuki as diesel engine into pipeline

Maruti-fiat-engine-sourcing
Sale of Maruti Suzuki vehicle fall by 18.5% y-o-y in November 2011 as the impact of a slowing economy and high interest rates start to bite. Maruti's petrol-engine-run cars accounted for an estimated 72% of its total vehicle car sales during FY11, according to domestic brokerage house reports. 

Analysts point out that the sluggish demand for petrol-run engines is owing to current retail petrol prices being nearly Rs 24-25 per liter higher than that of diesel. The Maruti stock lost 0.7% to Rs 962 and it is hovering just above its 52-week low which it touched on November 18. Automobile News

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