Maruti Suzuki decides to shut production for two days

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Maruti Suzuki has decided to shut down the passenger vehicle manufacturing operations of Gurugram plant and Manesar plant in Haryana for two days.

September 7 and 9 will be observed as no production days, it said in a statement on Wednesday.

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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. 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.

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.

All this while, the industry has pulled out all stops in offering attractive deals and discounts to the consumers.

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