On Saturday, the country’s largest carmaker, Maruti Suzuki India, said its total production increased 5.91 percent to 1,50,221 units in November.
In the same month last year, the company produced a total of 1,41,834 units, Maruti Suzuki India (MSI) said in a regulatory filing.
Compared to 1,39,084 units in November 2019, the production of passenger vehicles was 1,46,577 units last month, a rise of 5.38 percent.
The production of mini-vehicles comprising the Alto and S-Presso models increased marginally last month to 24,336 units compared to 24,052 units in the previous year.
Likewise, compact car manufacturing, consisting of WagonR, Celerio, Ignis, Swift, Baleno, Dzire, stood at 85,118 units compared to 78,133 units in November 2019, an 8.93 percent rise, MSI said.
Gypsy, Ertiga, S-Cross, Vitara Brezza and XL6 utility vehicle manufacturing, however, decreased by 9.07 percent to 24,719 units compared to 27,187 units in the same month last year.
MSI said the production of its Super Carry light commercial vehicle stood at 3,644 units compared to 2,750 units in August.
Maruti Suzuki India Ltd announced a net loss of approximately €2249.9 crore for the quarter ending June 30 due to a substantial decline in vehicle sales due to COVID-19 related disruptions. Higher other income and lower taxes paid during the quarter have been effective in raising the losses sustained over the period.
During the year-ago era, the country’s largest passenger vehicle manufacturer posted a net profit of some 1435.5 crores.
Net sales of the company declined 79.2 percent year-on-year to 4106.5 crores during the first quarter of FY21. Total vehicle sales dropped by nearly 79 percent to 36775 units in the given period.
The net loss was about 863 crore compared to a profit of some 2047.8 crore due to higher fixed costs such as expenses for supplies and employees.
Certain income in the April-June quarter rose 57.61 percent to around ~11318.8 crores, which helped Maruti Suzuki reduce the losses.
The entry-level Alto model has passed the 40 lakh sales milestone since its launch 20 years ago. Empowering more than 40 lakh Indian households, MSI said in a statement, Alto proudly celebrates 20 years of setting unprecedented industry benchmarks.
The model is a tribute to an iconic brand that developed with young India’s evolving expectations and it remains an iconic brand for Maruti Suzuki.