Maruti Suzuki India's total production dropped 32.06% to 92,540 units in March 2020 from 1.36 lakh units in March 2019.
Total passenger vehicles declined 32.27% to 91,602 units in March 2020 from 1.35 lakh units in March 2019. Production of light commercial vehicles fell 2.8% to 938 units in March 2020 from 965 units in March 2019.On a sequential basis, the company's total passenger vehicles slipped 34.74% in March 2020 from 1.40 lakh units reported in February 2020. Production of light commercial vehicles jumped 66.61% in March 2020 as compared to 563 units produced in February 2020. Total production declined 34.34% in March 2020 as compared to 140,933 units produced in February 2020.
On 23 March 2020, Maruti Suzuki India informed that it has halted production at its various facilities as a precaution against the spread of COVID-19. The company shut production and office operations at its facilities in Gurugram and Manesar, Haryana with immediate effect till further notice. The company said R&D Centre at Rohtak is also shut.
Shares of Maruti Suzuki closed 13.41% higher at Rs 4549.60 on Tuesday. Meanwhile, the S&P BSE Sensex closed 2476.26 points or 8.97% higher at 30,067.21.
Maruti Suzuki India's consolidated net profit rose 4.1% to Rs 1586.90 crore on a 3.8% rise in net sales to Rs 19,655.50 crore in Q3 December 2019 over Q3 December 2018.
Maruti Suzuki India (MSIL) is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles). The other activities of the firm comprise facilitation of pre-owned car sales, fleet management and car financing.
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