Maruti Suzuki Cuts Production By Around 10% In April
The country's largest car maker Maruti Suzuki India Ltd. on Thursday said it has slashed its vehicle production by around 10 percent across its factories in April.
It is the company's third consecutive month of taking a production cut. It had also reduced production in February and March this year.
The auto major produced a total of 1,47,669 units in April, including Super Carry LCV, down 9.6 per cent from 163,368 units in the year-ago month, it said in a regulatory filing.
The company cut production of passenger vehicles, including Alto, Swift and Dzire, by 10.3 percent to 1,44,702 units as compared with 1,61,370 units in April 2018.
Barring utility vehicles, the company reduced production of all other segments including that of its big selling compact and mini segments last month.
The company cut production of the compact segment vehicles marginally to 83,411 units last month as compared with 83,709 units in the year-ago period.
MSI also slashed production of compact segment cars by 11.4 percent to 1,06,184 units in April as compared with 1,19,894 units in corresponding month of last year.
Production of utility vehicles witnessed an increase of 8.4 percent to 24,516 units in April, as against 22,607 units in April last year.
The company said production of vans declined by 25.8 percent to 10,688 units last month as compared with 14,407 units in April 2018.
In March, MSI had reported a production cut of 20.9 percent across its factories. In February, the company had cut production by over 8 percent to 1,48,959 units from 1,62,524 units produced in the year-ago month.
MSI's installed manufacturing capacity at its two plants in Gurgaon and Manesar stands at 15.5 lakh units per annum. Besides, the Suzuki-owned Hansalpur (Gujarat) plant also has an installed capacity of 2.5 lakh units from the first line.
The second production line has been commissioned at the plant, but is yet to reach its peak capacity of 2.5 lakh units per annum.