Maruti Suzuki to Shut Down Gurugram and Manesar Manufacturing Plants for 2 Days
During the longest slump in the history of the automobile industry, the country’s largest car manufacturer Maruti Suzuki India Limited has decided a 2-day break at Gurugram and Manesar plants in Haryana. The passenger vehicle manufacturing plans will be shut down between September 7 and 9 and will be observed as no production days.
The company’s shares were down by 2.36% or Rs. 142.80 at 1:19 pm on September 4. As per the reports from Maruti, total sales in August had declined by 32.7% to 1,11,370 vehicles against 1,68,725 produced in the year-ago month. Moreover, the company produced only 1,06,413 units in August 2019 compared to 1,58,189 units for the corresponding month of the last financial year.
In the mini and compact segment, the company manufactured only 10,123 vehicles against 35,895 in August 2018. Along with that, MSIL’s total passenger vehicle output declined to 65,993 against 1,14,261 produced in the year-ago month. The domestic passenger vehicle sales also went down by 36.1% resulting in the production of 93,173 units against 1,45,895 units in the corresponding period last year.
Taking note of this data, it can be inarguably said that the automobile industry in India is going through some of its worst times. The downfall, however, has resulted in positive feedback for brands like KIA and MG making them rank among the top 12 manufacturers in the country.
As for Maruti Suzuki, the Utility vehicles segment has shown positive sales that comprise of Gypsy, Ertiga, XL6, Vitara Brezza, and S-Cross in August. The sales for this segment were up 3.1% to 18,522 units against 17,971 in the corresponding month last year.
Sarthak Moghe is a young, enthusiastic writer who loves modern technology and automobiles. After completing his graduation in Journalism and Mass-Communication, he stepped into the world of adulting as a content writer. When not busy on the keyboard, he likes to explore new topics and hone his sense of humour.