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Suzuki Motor slashes India outlook to 20% decline

Nov 06, 2019 12:28 IST

Suzuki Motor Corporation has changed its sales forecast for it's Indian subsidiary Maruti Suzuki, to a whopping 20 per cent decline in FY20 from a tepid 4 per cent growth. The scale down comes after a dismal first half sales performance in Asia's third-biggest car market. While Maruti did see some improvement in festive sales , Suzuki Motor Corp reported a 32% fall in it's second-quarter operating profit, weighed by a slump in India, its biggest market.

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