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Maruti Suzuki has registered a production decline of 32.05 per cent, and has assembled 92,540 units last month as compared to 136,201 units during the same month a year ago. However, the company has witnessed an increasing demand for it's entry level offerings.
With demand increasing entry-level cars like the Alto and the S-Presso, the company has witnessed an increase in production by 1.09 per cent. Maruti Suzuki has produced 17,630 units as compared to 17,439 units manufactured during the same month last year.
Production of hatchbacks, premium hatchbacks, and subcompact sedans have gone down by 38.29 per cent at 50,078 units against 81,163 units manufactured a year ago. The company's Ciaz models have witnessed a 33.04 per cent drop and stand at 2146 units as compared to 3205 units during March 2019.
The brand's VItara Brezza, Ertiga, XL6 and S-Cross too witnessed a drop of 14.19 per cent at 15,203 units as compared to 17,719 units. The company's van segment recorded a drop of 58.33 per cent at 6545 units as compared to 15,710 units during the same month last year. Production of the Super Carry light commercial vehicle has witnessed a reduction of 2.79 per cent at 938 units against 965 units manufactured during the same month a year ago.
Maruti Suzuki saw a collective decline of 47 per cent in overall sales during March 2020. The company sold 83,792 units as compared to the 158,076 units sold during the same month in 2019. The drop in sales and production is a result of the Covid-19 outbreak and subsequent lock down announced - forcing the company to suspend all production and sales operations from 22 March.
Thoughts About The Drop In Production Figures
It is a challenging time for manufacturers with the entire nation being under a lock down. Businesses are bearing the brunt of the closure, and are suffering losses as a result of the lock down. The pandemic is taking a toll on the Auto Industry, and we expect that it will take time to recover. We hope the Industry recovers soon, and that manufacturing and sales go back to what they were.