India's largest car maker Maruti Suzuki reports 7.9 pct decline in August output
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E-mail Xinhua, September 8, 2021
MUMBAI, Sept. 8 (Xinhua) -- India's largest car manufacturer Maruti Suzuki reported a 7.9-percent decline in its August production to 113,937 units compared to 123,769 units in the same month last year.
Production volume of August was affected due to electronic components shortage, the company said in its filing with the Bombay Stock Exchange on Wednesday.
Earlier, the Indian subsidiary of Japan's Suzuki said that it will see a 60-percent cut in production during September due to shortage in supply of semi-conductors, which will be the second consecutive month of production cut due to chip shortage.
Effective Monday this week, the company raised prices by 102-305 U.S. dollars on its select models to overcome the increase in various input costs.
Indian auto companies across the spectrum are holding production shut down in September due to shortage of semi-conductors.
Earlier this month, Indian auto-maker Mahindra and Mahindra said it will observe "no production days" of around seven days at its automotive plants, which is estimated to result in reduction in production volumes by 20-25 percent in September. Enditem
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