Maruti Declines as Violent Protests Disrupt Output at Factories
- Production suspended after component supplies disrupted
- Protests are by a community seeking benefits from government
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Maruti Suzuki India Ltd. fell to the lowest in more than a week after the carmaker halted production at both its factories as violent protests disrupted parts supplies.
The shares declined as much as 2.4 percent to 3,491.55 rupees, the lowest intraday level since Feb. 12. They were trading down 1.9 percent as of 10:12 a.m. in Mumbai. The benchmark S&P BSE Sensex climbed 0.3 percent. The automaker hasn’t decided on when it will resume production, Puneet Dhawan, a spokesman, said by telephone Monday.