Car Companies Cut Production - Bad Times Ahead

[vaibhav]

Automakers put brakes on petrol car production | mydigitalfc.com

Now all car companies are stuck with high inventory .

Earlier companies were throwing tantrums of waiting and now customers are playing the waiting game ...

Even best sellers like swift have seen waiting period reduction from 4 months to just 30 days. I now beleive that all this waiting period was bubble made by companies and its staff in collusion with dealers to do blackmarketing

I would just love these idiots beg on their feet to sell these so called best sellers like swift ....

I think there is a chance that Fin ministry will impose a diesel tax and hence the panic among car makers to deliever as many cars as possible.

 

[visran]

Re: Car companies cut production- Bad times ahead

That's really concerning i hope this slowdown is only temporary,otherwise the day's of receiving Pink slip will be near.

 

[Fazer]

Re: Car companies cut production- Bad times ahead

Yes. I also read that GM, Maruti and Toyota are stopping production of Petrol cars (also known as NPDs i.e. No Production Days) in TOI paper.
I think the car companies will give discounts and schemes on Petrol cars to boost thier sales, which will be Great for Petrol car buyers like Me.

 

[Surfer]

Re: Car companies cut production- Bad times ahead

Yes in pune we have news in local news paper. Tata moters, GM plant are closed for 2 days in a week.

 

[tasuray]

Re: Car companies cut production- Bad times ahead

But think about the automobile industry and their employees. If production of petrol cars reduced then the companies may think to reduce the nos. of man power also which is not at all a good for our economy as well as for the society. Lot of people and their families are dependent on these industries. Not only the car manufacturing companies it will also affect the ancillary industries.

 

[vaibhav]

Re: Car companies cut production- Bad times ahead

Would love the day when dezire LDI is available on the spot and the sales esexutive meekly request me to book the car

 

[visran]

After car maker's cutting production and working hour's now it's time for component maker's to follow the trend, this is really concerning for people who work in the auto industry.

Bosch to shut plants at Jaipur, Bangalore temporarily - The Economic Times

 

[visran]

Tata Motors to halt production at Jamshedpur

10,000 employees to be affected with the three day block closure at home turf due to slowdown.

Tata Motors to halt production at Jamshedpur| Zigwheels.com

 

[S Class]

My friend informed that Toyota has stopped production of petrol cars. Any confirmation ?

 

[tdcarlover]

Some say that even the XUV wait list may be artificial to create an impact-perhaps i'm way off the mark?

 

[visran]

General Motors India, which today rolled out a new diesel variant of its premium sedan Cruze said that it would continue to curtail its production and take a day off every week till the festival season.

"It (the one-day production halt every week) is likely to continue until the festival season (around October)," General Motors India president and managing director Lowell Paddock told reporters here.

The company had recently said that it was aligning production at its two facilities at Talegaon in Maharashtra and at Halol in Gujarat on a daily basis as per demand and decided on certain no-production days to avoid unnecessary inventory build-up.

"Unlike other car makers, we don't shut down the plant and instead a no-production day. This will help us avoid an inventory build-up," vice president for corporate strategy R Balendran said.

While the Talegaon facility produces 1.4 lakh units a year, the Halol plant has a capacity of 85,000 units annually, which is being ramped UP to 1.10 lakh units.

The company expects the auto market to remain sluggish for some more time and said even the festival season may not bring much cheers.

"We don't expect the market to improve before the festival season and even during that period, there is not going to be a very significant improvement as such," Balendran said.

General Motors India to continue with production cut till festival season - The Economic Times

 

[S Class]

Some say that even the XUV wait list may be artificial to create an impact-perhaps i'm way off the mark?

+1. This is very much true. XUV is adopting strategy of Swift.

 

[visran]

Some more bad news, After the auto makers now tyre maker's started cutting their production.

Falling auto sales push tyre makers to cut production - The Economic Times

 

[cbsingh]

This is really a matter of concern to all

 

[Rightnow]

I don't get it. How is it a matter of concern?

As long the demand is met, we consumers are happy and the manufacturers are earning the appropriate revenues. If it was the case of high demand and less supply, it would have been a concern, but I don't see that happening anytime soon because car companies already have inventories.