Gurugram, September 4: Maruti Suzuki, India’s biggest four-wheeler producing company, announced on Wednesday that it would close down the Gurugram and M anesar plants for two days. The company announced that it would hold no production in its Gurugram and Manesar units on September 7 and 8. The news of Maruti cutting on its production for two days comes amid the slowdown in the auto sector in India. Economic Crisis Hits Automobile Sector: Tata Motors & Honda Lose Sales By Over 50% in August 2019; Here Are All The Details.
The country’s largest passenger vehicle manufacturer reported 32.7 per cent decline in its sales last month. The company sold 106,413 units including exports compared with 158,189 vehicles in August 2018. Even other automobile makers have been reporting falling sales due to sagging consumer sentiment amid the economic slowdown.
Read the Tweet Below
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. Both days will be observed as no production days. pic.twitter.com/5yr0JNRxkU
— ANI (@ANI) September 4, 2019
Tata Motors reported a 49 per cent slump in its domestic sales on a year-on-year basis at 29,140 units. The commercial vehicles’ sales dipped 45 per cent to 21,824 units, it said. It sold 7,316 passenger vehicles in August, showing a decline of 58 per cent from 17,351 units during the year-ago month.”
Subdued demand sentiment due to poor freight availability, lower freight rates and a general slowdown in the economy continued to hamper commercial vehicle demand,” said its President of Tata Motors’ commercial vehicles business division Girish Wagh. On Monday, the Society of Indian Automobile Manufacturers (SIAM) said there has been more than 30 per cent erosion of sales for passenger vehicles across the country.