Maruti Suzuki halts production at Gurugram & Manesar plants

Mumbai (IANS) India’s largest car manufacturer Maruti Suzuki, on Wednesday, said it has decided to shut down production of passenger vehicles in Gurugram and Manesar plants in Haryana for two days.

“Maruti Suzuki India Limited has decided to shut down the passenger vehicle manufacturing operations of Gurugram Plant and Manesar Plant in Haryana for two days, on 7th and 9th September 2019,” the company said in an exchange filing.

“Both days will be observed as no production days, it added.

The automobile sector in India is experiencing a sustained slowdown with major manufacturers reporting declining sales.

Maruti Suzuki India had reported a 33.99 per cent decline in production in August at 111,370 vehicles against 168,725 produced in the year-ago month.

The company had produced 133,265 units in July, down from 178,533 units reported for the corresponding month of the last financial year (FY19).

In the “mini and compact” segment, the company manufactured only 80,909 vehicles against 122,824 in August 2018. The company’s total passenger vehicles output declined to 110,214 from 166,161 produced in the year-ago month.

Maruti Suzuki shares were trading 2.47 per cent lower at Rs 5,900.25 per share on Wednesday.

Leave a Reply

Your email address will not be published.