New Delhi, May 10 -- Maruti Suzuki India Ltd, the country's largest passenger vehicle maker, has cut production for the third consecutive month in April underscoring tepid demand for automobiles.
The maker of Swift and Baleno cars reduced production by 9.6% to 163,368 vehicles in April, according to a regulatory filing.
Like most passenger vehicle makers, sales at the local unit of Suzuki Motor Corp. have remained subdued since September last year due to weak consumer sentiment caused by factors such as a liquidity squeeze and higher fuel as well as vehicle prices.
In March, the New Delhi-based company cut production by 21% to 136,201 vehicles, following on a 8.3% reduction in February to 148,959 vehicles. Maruti's top management has gui...