SHUTTING OUT RECESSION WITH SHUTDOWNS
Article Abstract:
The car manufacturers in India, such as Maruti Udyog Ltd (MUL), General Motors India Ltd (GMIL), Mahindra Ford India Ltd (MFIL) and Ind Auto have opted for maintenance shutdowns to face recession in the car market. MUL, which normally has two annual shutdowns in April and October, has now shifted its annual shutdowns to June and December. December is usually a slack period for sales. MUL's production has been reduced by 20 percent due to lower demand. Ind Auto is following a three-day week work schedule at its Kurla plant since last two weeks. Ind Auto, which is a joint venture of Fiat and Premier Automobiles, was earlier having six-day week work schedule with a daily production of 40 Uno brand cars. GMIL and MFIL will begin their annual shutdown in last week of December 1998. (gs)
Comment:
The car manufacturers in India, such as Maruti Udyog Ltd (MUL), General Motors India Ltd (GMIL), Mahindra Ford India Ltd (MFIL) and Ind Auto have opted for maintenance shutdowns to face recession in the car market.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CAR MAKERS SEE TROUBLE AS MORE PLAYERS JOIN QUEUE
Article Abstract:
Sales of passenger cars suffered a 5 percent fall in the first 9 months of 1998-99 at 3.72 lakh (3.91 lakh vehicles in the same period of 1997-98). During January-July 1999, the overall sales of cars were stagnant at 2.2 lakh units in spite of entry of 3 new models. Car manufacturing capacity has increased to 9 lakh units in the last 2 years but the demand has remained stagnant at 4.5 lakh vehicles per annum. (gs) (kvr)
Comment:
Sales of passenger cars suffered a 5 percent fall in the first 9 months of 1998-99 at 3.72 lakh (3.91 lakh vehicles in the same period of 1997-98).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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