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Low sales affect best-selling Alto due to high petrol prices
The country's largest car maker Maruti Suzuki India has cut production of some petrol models, including the best selling Alto, as sales of such cars have declined due to high fuel costs.
"Petrol car sales are very low in these days as the market sentiment is down. We do not believe in creating excess stock. So, we adjust our production accordingly," Maruti Suzuki India (MSI) Managing Executive Officer (Marketing and Sales) Mayank Pareek said. The company had recently stopped production of petrol models, including the Alto, M800, A-Star, Estilo and Omni for three days to prevent inventories piling up further, he added.
"Normally we have inventories for three weeks. However, for petrol models, it is now around four and a half weeks," Pareek said, without sharing any numbers. According to sources, MSI had stopped production lines of petrol models on May 25-26 and June 2 at its Gurgaon facility. The Manesar unit worked normally.
"The company had cut production of 8,000-8,500 units of petrol cars in these three days," a source said. In May, the company's sales declined first time after four consecutive months of growth. It had reported 4.99 per cent fall in total sales at 98,884 units last month, mainly due to declining sales of petrol-driven small cars.
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