Production of India’s largest car manufacturer Maruti Suzuki rose to 172,433 units in March, up by 86pc from a year ago. This includes passenger vehicle and light commercial vehicles, according to the company’s release on Tuesday, April 6.
In March, passenger vehicle production rose by 86pc to 170,036 units from the previous year. Mini and compact vehicle production increased significantly by 83pc to 123,705 units. Light commercial vehicle production was increased to 2,397 units, which is more than 156pc from last year.
Last year in March, the Indian government imposed a strict lockdown which disrupted supply chains and pressured production. This resulted in a significant decline owing to COVID-19-related restrictions.
Auto production has improved compared to the prior year but the shortage of semiconductors could be worrisome for carmakers but most Indian companies are handling the situation effectively. Demand for cars is strong and the auto sector is slowly recovering to pre-COVID levels.
Maruti Suzuki sold 167,014 units in March, posting a growth of 100pc over March 2020. Sales have almost reached 2019 levels, said the company.
Suzuki Motor Gujarat (SMG) has begun production at its third assembly line in Gujarat which will add a production capacity of 250,000 units to meet growing demand in India. SMG has now expanded its annual capacity to 750,000 units. SMG is a 100pc subsidiary of Suzuki Motors and production at Plant C officially begun in April 2021.