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Auto segment leaders plan to put output in top gear in the next few months

Auto segment leaders plan to put output in top gear in the next few months
Auto segment leaders plan to put output in top gear in the next few months
Automakers expect demand to rise due to Covid-19 social distancing norms, higher farm incomes.

Synopsis

Maruti Suzuki is asking vendors to prepare for a record output of as much as 193,000 units in October, more than July despatches by the overall market. The company’s previous peak monthly production was 182,000 units in May 2018.

Mumbai: Maruti Suzuki, Hero MotoCorp and Mahindra & Mahindra — No. 1 in cars, two-wheelers and tractors, respectively — are planning a surge in production over the next few months, marking a revival from the lockdown months and a poor FY20, said people with knowledge of the matter. Experts said demand is rising for personal transport because of Covid distancing norms while a good harvest thanks to a normal monsoon has boosted farm
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