Maruti Suzuki Reports 18 Per Cent Decline in Production In December 2022

Maruti Suzuki observed output figures decline for the thirty day period of December 2022 the company discovered in a regulatory submitting. The carmaker described a 18 for every cent yr-on-calendar year decline in output for the last month of 2022 with 1,24,722 models generated. The carmaker experienced manufactured 1,52,029 models in the exact thirty day period in 2021. Creation quantities were also down 18.3 per cent thirty day period-on-month with the company acquiring created 1,52,786 models in November 2022.

Manufacturing quantities across virtually all segments had been down on a yr-on-year foundation with only production of mid-sizing sedans and vans rising above the exact period of time in 2021. In the mid-dimensions section production of the Ciaz was up a noteworthy 53.9 per cent against a reduced foundation of 1,838 units in December 2021. In the vans classification, generation for the Eeco was up 13.3 for each cent with 10,250 models manufactured as versus 9,045 models in the corresponding month in 2021.

Generation of the Alto and S-Presso (Mini sub-segment) was down by about 41.5 for each cent to 11,348 units in December 2022 as from 19,396 units a yr in the past. Manufacturing in the compact sub-section housing common styles this sort of as the Baleno, Swift, Dzire and Wagon R also declined to 72,405 models as from 86,694 units in December 2021 (down 16.5 for each cent).

Utility Vehicle manufacturing also ended up down at 27,303 models as in opposition to 31,794 models. The carmaker also described that it generated just 587 units of the Tremendous Have mild industrial car or truck in December 2022 as in opposition to 3,262 models in the similar month in 2021. The firm stated that shortage of electronic components experienced experienced an impact on the company’s overall manufacturing.

The drop in generation numbers also coincided with a a decrease in the company’s profits for the thirty day period. The carmaker documented a 9.9 for every cent 12 months-on-yr drop in cumulative product sales for December 2022 with 1,39,347 units retailed. The carmaker’s gross sales in December 2021 had stood at 1,53,149 models.