Relaxation of COVID-19 regulations, rising demand for electric vehicles, and increased exports are some of the auto sector’s near-term positive factors.
Returning to normalcy and creating a balance between demand and supply, on the other hand, appears to be a long way off.
Maruti Suzuki India (MSI), the country’s largest manufacturer, announced on Wednesday that output increased marginally last month. The automaker reported total output of 1,61,383 units in January 2021, compared to 1,60,975 units in January 2021, in a regulatory filing.
The company claimed in a statement that a shortage of electronic components had a small impact on its production activities last month.
“During the month, the lack of electronic components had a small influence on vehicle manufacturing,” it said.
According to MSI, total passenger car production was 1,57,668 units in January 2021, compared to 1,56,439 units in January 2021.
Last month, production of compact automobiles such as the Alto and S-Presso models totaled 23,321 units, down from 27,665 units a year ago.
MSI said that production of compact cars, which include the WagonR, Celerio, Ignis, Swift, Baleno, and Dzire, increased to 87,165 units from 86,282 units previously.
This modest decline in sales, according to the manufacturer, is related to the supply chain crisis, specifically the microprocessor scarcity that has plagued the sector.
Furthermore, Maruti’s light commercial vehicle Super Carry manufacturing fell to 3,715 units last month, down from 4,536 units the previous month.
Maruti Suzuki also recorded a drop in total car sales last month, selling 154,379 units, down from the previous high of 160,752 units set in January 2021.
Similarly, output of utility vehicles, such as the Gypsy, Ertiga, S-Cross, Vitara Brezza, and XL6, surged to 33,550 units last month, up from 29,199 units the previous month.
The company reported a reduction in Eeco van production last month, with 10,587 units produced versus 11,769 units in January 2021.
Last month, the business sold 128,924 passenger cars in the domestic market, compared to 139,002 units in the same month a year ago. However, its export numbers increased to 17,937 units in January of this year, up from 12,445 units in January of 2021.
MSI reported that manufacturing of its Super Carry light commercial vehicle fell to 3,715 units last month, down from 4,536 units the previous month.
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