Courtesy-BusinessStandard
As states start unlocking with the COVID-19 case count declining, India’s top passenger vehicle makers, Maruti Suzuki gets hope on sales recovery in the light of the given situation. So, they plan to expand their capacities from this month, as said by two people aware of the production schedules at these automakers.
According to the people cited above, the company is expected to manufacture around 165,000 – 169,000 vehicles in June taking it ahead to 174,000 vehicles in July. When India was in a firm grip of the Pandemic in April, the Suzuki Motor Corp unit made 157,585 vehicles.
While on the other hand, Hyundai Motor India has not been able to include the third production shift at its factories because of the high number of cases in the state thereby restricting its production to just 47,000-48,000 vehicles in June including exports. Around 57,100 vehicles were produced in April by the South Korean firm.
Maruti Suzuki’s run rate was around 6,400 vehicles at the end of last week and around 7,000 daily productions before it stopped. They think that sales would be pushed up due to the preference for personal mobility and vaccination, and the markets will rebound firmly from August, according to one of the sources.
The production has ramped up in factories at Gujrat and Maharashtra by Tata Motors due to their strong order books, he added.
The outputs were reduced or the production was stopped by Maruti Suzuki, Hero MotoCorp Ltd, Hyundai and others when Maharashtra began strict lockdown measures from the first week of April due to the second wave of COVID-19.