Published on 3/09/2019 9:31:41 AM | Source: IANS

Maruti Suzuki`s August production down 34%

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Automobile major Maruti Suzuki India, here on Monday, reported a 33.99 per cent decline in production in August at 111,370 vehicles against 168,725 produced in the year-ago month.

The company had produced 133,265 units in July, down from 178,533 units reported for the corresponding month of the last financial year (FY19).

In the "mini and compact" segment, the company manufactured only 80,909 vehicles against 122,824 in August 2018. The company's total passenger vehicles output declined to 110,214 from 166,161 produced in the year-ago month.

On Sunday, the company had reported a 32.7 per cent decline in August sales on a year-on-year basis. The company sold 1,06,413 units, including exports, last month, compared with 1,58,189 vehicles in August 2018.

Of the total sales, domestic off-take declined nearly 36 per cent to 94,728 vehicles. Domestic passenger vehicle sales were down 36.1 per cent at 93,173 units from 1,45,895 vehicles during the corresponding period last year.

The auto major's exports last month were 10.8 per cent lower at 9,352 against 10,489 units exported in August 2018.

The only positive movement in Maruti Suzuki's August sales could be seen in the utility vehicles segment, comprising Gypsy, Ertiga, XL6, Vitara Brezza and S-Cross. The utility vehicles sales were up 3.1 per cent in August at 18,522 units, the company said in a statement.

In the past few months, all major automobile makers in the country have reported a huge decline in domestic sales across segments, like passenger, commercial, two- and three-wheeler vehicles, largely due to the liquidity crisis, high goods and services tax (GST) and regulations for transmission from BS-IV to BS-VI norms.