Maruti Suzuki India has predicted that the production losses will continue in the first quarter due to shortage of electronic components. However, the company is expecting some relief in the July-September period, a senior company executive told PTI. The country’s largest carmaker has been facing a shortage of semiconductors for some time, which has affected its supply to meet market demand.
In the last financial year, the company had a production loss of 1.7 lakh units. Shashank Srivastava, senior executive officer (sales and marketing), Maruti Suzuki India (MSI), said, “Our losses in the third quarter of the last financial year were around 45,000 units. Similarly, in the fourth quarter, we lost around 38,000 units.
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As demand outstrips supply, the company’s order book reaches over four lakh units, with the Ertiga leading the way with the maximum number of pending orders i.e. close to one lakh bookings. The order bank for the Brezza SUV has a backlog of 60,000 units. While the newly launched Franks and the upcoming Jimny have already received bookings of over 30,000 units.
Srivastava further said that due to the current supply situation, the company suffered a production loss in April and a similar situation is expected to repeat in May and June. “There has been a loss in May and it is expected that we will lose numbers in June as well. There will be losses in this quarter,” he said. ,
Last month, the company produced 1,44,097 passenger vehicles, down 6 per cent from 1,52,954 units sold in the same month last year. The company had said that the shortage of electronic components had some impact on the production of vehicles. In 2022-23, the carmaker will produce a record 19.22 lakh units, however, it has fallen short of its target of taking total production to 20 lakh units in the previous fiscal.
First published date: May 28, 2023, 18:30 PM IST
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