Although Maruti and Hyundai Motor India said the shutdowns were as per their initial plans and not because of demonetisation, Honda Cars India and M&M have been suspending production for past few days due to higher inventory at dealerships, the ET report said.
To give a perspective, Honda Cars India said its Greater Noida and Tapukara plants will operate for just fours days a week, and both the plans would remain shut in the last week of December for maintenance purpose. Similarly, M&M has carried out annual maintenance shutdowns from 4-8 December and plans another shutdown between 26 December to 2 January. India’s largest private sector automobile company, Maruti will carry out its maintenance shutdown between 26 December to 2 January, 2017.
(Sourced from agencies, feature image courtesy:drivespark.com)
