ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
  • Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
  • D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
  • This Android malware switches off Wi-Fi and drain mobile wallet
  • North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Read in App
Business News » Companies News

Maruti cuts vehicle production by 18 per cent in May

The country's largest car maker Maruti Suzuki India (MSI) has cut vehicle production by over 18 per cent in May, according to a regulatory filing.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Maruti cuts vehicle production by 18 per cent in May
The country's largest car maker Maruti Suzuki India (MSI) has cut vehicle production by over 18 per cent in May, according to a regulatory filing. Reuters

The country's largest car maker Maruti Suzuki India (MSI) has cut vehicle production by over 18 per cent in May, according to a regulatory filing. It is the company's fourth consecutive month of taking a production cut. The car market leader produced a total of 1,51,188 units in May, including Super Carry LCV, down 18.1 per cent from 1,84,612 units in the year-ago month, MSI said in the filing.

Barring Super Carry, the company reduced production of all other segments, including that of its big selling compact and mini cars last month.

MSI slashed production of passenger vehicles, including Alto, Swift and Dzire, by 18.88 per cent to 1,48,095 as compared to 1,82,571 units in May 2018. The company cut production of mini segment vehicles by 42.29 per cent to 23,874 units last month as against 41,373 units in the year-ago period. MSI also slashed production of compact segment cars by 9.54 per cent to 84,705 units in May from 93,641 units in corresponding month of last year. Production of utility vehicles also witnessed a decline of 3.21 per cent to 24,748 units, as against 25,571 units in May last year.

The company said production of vans declined by 34.99 per cent to 10,934 units last month compared to 16,819 units in May 2018.
MSI had cut production by around 10 per cent across its factories in April. In March, the company had reported a production cut of 20.9 per cent across its factories. In February, the company had cut production by over 8 per cent to 1,48,959 units from 1,62,524 units produced in the year-ago month.

Auto manufacturers have been facing muted sales for quite some time now. The slowdown has forced companies to adjust their production schedules to market demand. Last week, Mahindra & Mahindra (M&M) said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand. Overall passenger vehicle sales in India dropped over 17 per cent in April, the worst monthly fall in nearly eight years, as subdued sentiment and the ongoing liquidity crunch hit car sales.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Maruti Suzuki
Written By: ZeeBiz WebTeam
Updated: Mon, Jun 10, 2019
05:09 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Maruti Suzuki looks to deploy strong hybrid tech across model range Maruti Suzuki looks to deploy strong hybrid tech across model range
2022 Maruti Suzuki BREZZA: Maruti Suzuki launches New Brezza today, Check price, features, and more 2022 Maruti Suzuki BREZZA: Maruti Suzuki launches New Brezza today, Check price, features, and more
Maruti Suzuki Brezza 2022: Launch today! Check key highlights; live streaming link here Maruti Suzuki Brezza 2022: Launch today! Check key highlights; live streaming link here
 Toyota, Suzuki to deepen partnership for production, net-zero commitments in India Toyota, Suzuki to deepen partnership for production, net-zero commitments in India
Auto Sector may see double digit Growth in FY23; This analyst recommends Bajaj Auto, Hero Motocorp, others Auto Sector may see double digit Growth in FY23; This analyst recommends Bajaj Auto, Hero Motocorp, others

LATEST NEWS

HDFC Bank receives go-ahead from exchanges for amalgamation scheme with HDFC – know details

Tracxn in wait-and-watch mode over timing of proposed public offer amid choppy market

This Android malware switches off Wi-Fi and drain mobile wallet

Maruti Suzuki looks to deploy strong hybrid tech across model range

DGCA seeks reply from IndiGo as around 56% of airlines flights delayed on Saturday

Global factors, crude oil movement, macro data key factors to drive markets next week - analysts believe volatility may continue

North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'

Three of top 10 BSE-listed companies lose Rs 73,630 cr in market capitalisation; HUL, ICICI Bank among biggest drag

D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr

Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV