Automakers boost production, dealer stocks to meet festive demand ...Middle East

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Automakers boost production, dealer stocks to meet festive demand
source : Business Standard ( Middle East ) () 64
Leading automakers are ramping up production and building dealer inventory to meet strong customer demand as India enters the peak festive buying season, with manufacturers seeking to ensure adequate vehicle availability and convert healthy bookings into retail sales. Car market leader Maruti Suzuki India has 2.2 lakh pending bookings ahead of the festive season, while Hyundai Motor India has built four-five weeks of inventory across its dealer network. Mahindra & Mahindra, meanwhile, has scaled up its utility vehicle and electric vehicle manufacturing capacity to 68,000 units a month to improve supply and bring down waiting periods. Maruti Suzuki India's Senior Executive Officer Partho Banerjee told PTI, "At the beginning of this financial year, we had 12 days of stock. The current bookings pendency is 2.2 lakhs, which translates to 16 days of stock before the festive season. "We have already commissioned two new production lines, adding 5 lakhs capacity in total. The production .

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