Did you now why Suzuki just lost nearly $1 billion?
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Suzuki's share price is taking the beating for Indians shying away from car showrooms, despite being thousands of miles away. Suzuki's shares fell over 4.3 % in Japan due to the falling demand for cars in India. Maruti Suzuki has cut production for the 5th time due to lack of demand. Maruti's shares fell 4.8%. The current fall in sales is largely attributed to a broader economic slowdown, lack of jobs.