Suzuki Motor Shares Fall as India Sales Growth Slows (Update1)

02/07/2008 17:38. July 2 (Bloomberg) -- Suzuki Motor Corp. , Japan's second- largest minicar maker, fell the most in more than three years in Tokyo after sales growth in India, its biggest market, slowed.

Suzuki, based in Hamamatsu City, southwest of Tokyo, fell 175 yen, or 7.1 percent, to 2,275 yen at the 3 p.m. close on the Tokyo Stock Exchange. It was the biggest one day decline since May 12, 2005.

Sales at Maruti Suzuki India Ltd. , the company's Indian unit, rose 2.2 percent in June compared with a 16 percent gain in May, the company said yesterday. Suzuki, which sells half of the... // Bloomberg