Auto maker Maruti Suzuki India (MSI) reduced the vehicle production by around 21 per cent across its factories in March due to subdued demand.
According to the report, The auto major produced a total of 1,36,201 units in March, including Super Carry LCV, down 20.9 per cent from 1,72,195 units in the year-ago period.
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As per report, The production of passenger vehicles, including Alto, Swift, Dzire and Vitara Brezza, fall by 20.6 per cent to 1,35,236 units as compared with 1,70,328 units in March 2018. Barring vans, the company reduced production of all other segments including that of its big selling compact and utility segments.
Talking about compact segment, it witness 7.5 per cent decline in production to 81,163 units, while utility vehicle witnessed a drop of 26.4 per cent to 17,719 units in March. However, production of vans rose by 6 per cent to 15,710 units last month as compared with 14,822 units in March 2018.
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According to the report, MSI declined to comment on the reason for decrease in production. In February, MSI had cut production by over 8 per cent to 1,48,959 units from 1,62,524 units produced in the year-ago period. In January, the company had reported a total production of 1,83,064 units, up 15.6 per cent from 1,58,396 units produced in January 2018.
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The company installed manufacturing capacity at its two plants in Gurgaon and Manesar stands at 15.5 lakh units per annum.