Mexican Media Brands
Maruti Suzuki Drops Extra Shifts as Sales Slide
Maruti Suzuki India Ltd., which controls half of India’s passenger car market, is likely to cut production to a single shift at all three of its factories, sources tell the Economic Times.
#economics
Share
Maruti Suzuki India Ltd., which controls half of India’s passenger car market, is likely to cut production to a single shift at all three of its factories, sources tell the Economic Times.
Maruti Suzuki already has reduced its output by 20% in the fiscal year that began April 1, the newspaper notes. It says the carmaker’s factories in Gurugram and Gujarat are running below capacity now, and Maruti Suzuki’s giant Manesar plant appears likely to join them.
Car sales in India have declined year-on-year in 12 of the 13 previous months. Last month Nissan announced plans to shed 12,500 jobs worldwide, including about 1,700 in India as it lowers its global output by 10%.
Production cuts to date have eliminating hundreds of jobs, mainly among the carmaker’s contract workers, ET says. But the newspaper suggests that the latest round of reductions may impact some regular employees too.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.