Tata Motors, Maruti cut output; now eyes new launches
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As the domestic of auto market is on a downhill sliding position due to extensive fuel hikes and increase in the interest rates of the banks, Tata Motors and Maruti Suzuki have decided to cut its production as the auto industry brace up for single digit sales growth rate this economy.
However, car producers are hoping positively for a sales growth due to new launches, including MSI’s Swift, Volkswagen’s Jetta, Honda’s Jazz and Brio and newly launched General Motor’s Beat, diesel version.
A Tata spokesperson said, “Our production is exactly as per demand. We keep in mind the need to keep inventories at both the company and dealers’ end in balance.”
He further added, “If there is a requirement for adjustment in production, the company does it. At the moment there is a slowdown in demand.” Continue Reading »
On August 22nd 2011 in Auto Articles, Auto Events, Auto Finance, Auto India News, Auto Industry News, Auto Insurance, Auto Pricing, Maruti Suzuki, Tata Motors
