Maruti shuts down production for 1 day

According to a media report, Maruti Suzuki had shut down production at its Gurgaon and Manesar plants for one day. Employees at the two plants were given a day off on Monday.

A slowdown in sales and rising inventory levels had prompted Maruti Suzuki to cut production by 10% in April 2019. Production was also reduced in the months of February and March for the same reason. 

According to the data released by the Federation of Automobile Dealers Associations (FADA), car sales have been on a decline since February 2019. Last month, the personal vehicle segment shrunk by 2% compared to March 2019. 

The combined annual production capacity of Maruti's Gurgaon and Manesar plants is around 15.5 lakh units. 

Source: Business Today