Maruti Cuts Production For Seventh Straight Month
Reeling under severe slowdown, Maruti Suzuki India Ltd. cut production for the seventh straight month in August. India’s largest carmaker reduced its production by 33.99 percent last month.
The company produced 1,11,370 units in August against 1,68,725 units a year ago, according to its exchange filing.
Its passenger vehicles’ production stood at 1,10,214 units last month against 1,66,161 units in August 2018, a decline of 33.67 percent, it said.
Production of mini and compact segment cars, including Alto, New WagonR, Celerio, Ignis, Swift, Baleno and Dzire, stood at 80,909 units against 1,22,824 units in August last year, down 34.1 percent.
Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross declined 34.85 percent to 15,099 units from 23,176 units a year ago.
Mid-sized sedan Ciaz saw its production reduced to 2,285 units in August 2019 from 6,149 units in the same month last year.
Light commercial vehicle Super Carry’s production was also cut to 1,156 units last month from 2,564 units in August 2018, the filing said.
In July, the automaker cut its production by 25.15 percent at 1,33,625 units.
On Sunday, the company had reported a 33 percent year-on-year dip in total sales at 1,06,413 units in August.