Maruti Suzuki India,India's largest car maker,stock fell nearly 1.8 percent on fears the ongoing labour strike at its Manesar plant could impact September sales as well. Maruti Suzuki saw car sales drop by 19 percent in August,dragging overall domestic car sales in India. Maruti sells nearly half of all passenger cars in India. Production at Manesar,where it makes its popular Swift model,has been severely hit since workers walked out on Aug. 29 after the company accused some employees of sabotage. The earlier growth expectation of 10-15 percent has been downgraded to single digit growth. Unlike as in FY11,which had an element of a positive surprise,the future is laden with uncertainties,Sharekhan said in a research note said. At 11.10 a.m shares were at 1,137.60 rupees,down 1.48 percent. Company INFO More on Maruti Suzuki Stocks More on Maruti Suzuki
