Maruti Suzuki cuts production in June for 5th month in a row

Maruti Suzuki India has cut vehicle production for the fifth consecutive month in June, according to a regulatory filing. The auto major's total vehicle production was slashed by 15.6% in June to 1,11,917 units as compared to 1,32,616 units in the year-ago month. In May, overall passenger vehicle wholesale in India witnessed the steepest decline in nearly 18 years.