The country's largest car maker Maruti Suzuki India will be going for a one day production shut-down at its two plants at Gurgaon and Manesar 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. Also Read: May auto sales stay sluggish; UV's, LCVs also hit slow lane "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% decline in its total sales in May this year at 84,677 units. It's domestic sales declined 13% 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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
