Gujarat Plant To Cut Waiting Period For Baleno, Brezza: Maruti Suzuki
New Delhi: With parent Suzuki's Gujarat plant set for commissioning later this month, the country's largest carmaker Maruti Suzuki India (MSI) expects to significantly reduce the waiting period for its high selling models Vitara Brezza and Baleno.Â
At present, the two models have a waiting period ranging between 20-24 weeks depending upon the variants.Â
"Our major difficulty in 2016 has been inadequate manufacturing capacity, which resulted in quite large waiting period for the Baleno and the Vitara Brezza. The commissioning of the Gujarat plant this month should give relief in 2017-18," MSI Chairman R C Bhargava told PTI.Â
Suzuki Motor Corp's Hansalpur-based facility, which is the Japanese company's first wholly-owned unit in India, would roll out Baleno from the first assembly line.Â
Bhargava said MSI had to adjust production of all its other models last year in order "to reduce the waiting time for Vitara Brezza and Baleno to the extent possible".Â
On an average, the company is selling around 10,000 to 11,000 units of the Baleno and Vitara Brezza every month.Â
MSI expects to receive around 10,000 units of premium hatchback Baleno from the plant this fiscal. Currently, company's two units at Gurgaon and Manesar have a total production capacity of 1.5 million units annually.Â
Suzuki has envisaged a total investment of around $1,400 million on the plant which will house two vehicle assembly lines of 2.5 lakh units per annum each and an engine plant.Â
The Japanese auto maker will supply vehicles and components exclusively to MSI from the plant. India is the biggest market for Suzuki, which owns 56 per cent of Maruti Suzuki India - the country's biggest automaker controlling nearly half of the market.Â
Commenting on the company's performance in the last year, Bhargava said that the year "in terms of growth and profits, has also been a very satisfactory".Â
He said that demonetisation in November did see a drop in the bookings, but sales did not go below the company's targeted figure and "production continues as planned".Â
On outlook for rest of the fiscal, Bhargava said: "We are cautiously optimistic about the rest of the year though are not indicating any number for the likely sales. We do expect to continue to fully utilise our production capacity."Â
Bhargava lamented that various agencies continue to target cars for air pollution despite scientifically collected data showing that cars were a very minor and insignificant contributor to the poor air quality in the Delhi area.Â
"Various agencies appear to be ignoring the data and continue to target cars in their efforts to improve the air quality. This will hurt job creation and growth, and will not make any measurable difference to air quality," he noted.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.