Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

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 Production20202019Pc Change
Tata Motors15,43264,977-76%
Maruti Suzuki92,540136,201-32%

 

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. 

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