Skip to content
Search

Latest Stories

Maruti raises India production after 9 months of output cut

MARUTI Suzuki India (MSI) increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand.

The company produced a total of 1,41,834 units in November as against 1,35,946 units in the year-ago month, MSI said in a latest regulatory filing.


Passenger vehicles' production last month stood at 1,39,084 units as against 1,34,149 units in November 2018, an increase of 3.67 per cent, it added.

Production of mini and compact segment cars, including Alto, new WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 1,02,185 units as against 95,883 units in November last year, up 6.5 per cent.

However, production of mini segment cars, such as Alto and S-Presso, fell to 24,052 last month, compared with 30,129 in the year-ago month.

Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross, however, increased by 18 per cent to 27,187 units as compared to 23,038 units a year ago.

Mid-sized sedan Ciaz saw its output rise to 1,830 units in November from 1,460 units in the same month last year.

Light commercial vehicle Super Carry's production increased to 2,750 units last month from 1,797 units in November 2018, the filing said.

In October, the automaker had cut its production by 20.7 per cent to 1,19,337 units.

Similarly, in September the automaker reduced its production by 17.48 per cent to 1,32,199 units.

(PTI)

More For You

house prices

The slowdown in housing markets reflects the rising anxiety on potential tax changes.

iStock

House prices see biggest November drop in 13 years

Highlights

  • Average asking prices dropped 1.8 per cent (£6,589) in November to £364,833 the steepest fall for this time of year since 2012.
  • High-value properties hit hardest, with sales of homes over £2 m plunging 13 per cent year-on-year.
  • Mortgage lending growth forecast to slow from 3.2 per cent to 2.8 per cent in 2026 as affordability pressures mount.

Britain's housing market has hit the brakes ahead of the November (26) budget, with property asking prices recording their sharpest November decline in 13 years, according to data from Rightmove.

The average price tag on newly listed homes fell by 1.8 per cent (£6,589) to £364,833 last month significantly steeper than the typical 1.1 per cent November dip seen over the past decade. The slowdown reflects mounting anxiety about potential tax changes in chancellor Rachel Reeves's upcoming fiscal statement.

Keep ReadingShow less