Maruti Suzuki reports slide in production in March 2020

The country’s largest passenger car manufacturer, Maruti Suzuki India, announced that its total production dropped 32.06 per cent to 92,540 units in March 2020 from 1.36 lakh units in March 2019.

The total passenger vehicles declined 32.27 per cent to 91,602 units in March 2020 from 1.35 lakh units in March 2019 whereas, the production of light commercial vehicles fell 2.8 per cent to 938 units in March 2020 from 965 units in March 2019.

On a quarter over quarter basis, the company's total passenger vehicles slipped 34.74 per cent in March 2020 from 1.40 lakh units reported in February 2020. Production of light commercial vehicles climbed by 66.61 per cent in March 2020 as compared to 563 units produced in February 2020. The total production declined 34.34 per cent in March 2020, as compared to 140,933 units produced in February 2020.

On March 23, 2020, Maruti Suzuki India informed that it has halted production at its various facilities as a precaution against the spread of COVID-19. The company shut production and office operations at its facilities in Gurugram and Manesar (Haryana) with immediate effect till further notice. The company said R&D centre at Rohtak is also shut.

Maruti Suzuki India Limited is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The other activities of the company comprise facilitation of pre-owned car sales, fleet management and car financing.

On Wednesday, the stock closed at Rs 4,697.25, up by 3.25 per cent or Rs 147.65 per share. The 52-week high is recorded at Rs 7,755 and the 52-week low is Rs 4,002 on BSE.