The country’s largest car maker Maruti Suzuki India will be going for a one day production shut-down at its two plants at Manesar and Gurgaon tomorrow ahead of a six-day scheduled maintenance closure later this month.
The one day shut-down of the two plants on Friday is to adjust production to market demand,a company spokesperson said,adding that the plants will also remain closed on June 8 for a scheduled holiday,the spokesperson added.
STOCK MARKETS LINKS
“The scheduled maintenance shutdown (of the two plants) is from June 17 to June 22,” the spokesperson said.
The development comes in the wake of continued slump in the automobile market. MSI had reported 14.4 per cent decline in its total sales in May this year at 84,677 units. It’s domestic sales declined 13 per cent at 77,821 units,over 89,478 units in May,2012.
MSI has been producing about 5,000 units per day from its Gurgaon and Manesar plants. The company at present has a total installed annual capacity of about 15 lakh units,which will go up to 17.5 lakh units by September this year when its third
unit at Manesar goes onstream.