Amidst a decline in the petrol run small cars following a massive hike in petrol prices, the country’s largest car maker Maruti Suzuki India Limited (MSIL) has decided to cut down the production its bestselling petrol run cars.
Recently, the production of Alto, M800, A-Star, Estilo and Omniwas stopped by the company for about 3 days. As per the industry sources, the company had stopped the production of these cars on 25th May, 26th May and 2nd June, at their Gurgaon based facility. The estimated production cut during these three days is approximately 8,000-8,500 units.
Speaking on the matter, Mr. Mayank Pareek, Managing Executive Officer (Marketing and Sales) at MSIL, said, "Petrol car sales are very low in these days as the market sentiment is down. We do not believe in creating excess stock. So, we adjust our production accordingly."
The Indian government had increased the petrol prices by a shocking Rs 7.54 a litre 2 weeks back, receiving a fierce opposition from car makers and car buyers in the country alike. The strong public outcry forced the government to roll-back this hike partially by Rs 2.02 per litre.
