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Home arrow News arrow Automotive arrow Maruti Suzuki reduces production of all models except Swift and DZire
Maruti Suzuki reduces production of all models except Swift and DZire Print E-mail
Written by Viswanath   
Saturday, 13 August 2011
New Delhi: Maruti Suzuki India has reduced production of all models except the Swift and the DZire. The cut in production of most of its models this month due to a short-term market slowdown.

"The current slowdown is short-term and hopefully the festival season would trigger a rebound. The second quarter should not be as bad," said R.C. Bhargava, chairman, Maruti Suzuki India."However, we will not achieve double digit growth during the fiscal," he added.

The company will finalise the location for its new production facility by October. Maruti Suzuki India is expected to invest about Rs 6,000 crore in the new facility which will have a production capacity of anywhere between 750,000-10,00,000 units.

Mr Bhargava said that Gujarat is one of the favoured destinations because of the advantage of the Mundra Port. This will enhance the company's competitiveness overseas.

Maruti Suzuki India plans to invest Rs 1,000 crore on five stockyards and 15 brand centres across India over the next two years. The first stockyard is already commissioned in Bangalore and the next one will come up in Nagpur by first quarter of 2012.

Mayank Pareek, Head (Marketing and Sales), Maruti Suzuki India said that discounts were 22 per cent higher this year.

The company ruled out the launch of any small car below the Alto. The production of the Alto is already down 5 per cent from last month's 24,970 cars. The company is offering discounts in the range of Rs 18,000-20,000 on all variants of the Alto.

 
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