Vehicle production in March for Tata Motors and Maruti Suzuki fell from the prior year due to COVID-19 crisis.
Maruti Suzuki and Tata Motor’s vehicle output fell by 32pc and 76pc, to 92,540 units and 15,432 units, respectively, in March from the prior year’s month.
|Total March Production||2020||2019||Pc Change|
Production has taken a hit as companies cited global supply chain disruptions which began in February as China suspended operations of several sectors due to the COVID-19 outbreak, including essential automotive parts, auto companies were struggling to find alternatives during the short time.
Additionally, COVID-19 has led to many manufacturing units idling operations temporarily to contain the spread of virus, resulting in a further production cut in March. These factors have led to a substantial fall in production of car units.
Sales have also fallen by over 50pc on a consolidated basis for auto companies in India in March, as many car retail units were asked to shut down.