New Delhi: Maruti Suzuki, India’s top car maker, expects its Manesar plant in north India to run at full capacity by January, producing 800 cars a day, chairman R. C. Bhargava said on Thursday.
Maruti, 54.2% owned by Japan’s Suzuki Motor Corp, was hit by a labor strike at the key plant in Haryana state. The labor unrest had led to a total production loss of about 83,000 cars, or almost $500 million in lost output.
A file photo of R. C. Bhargava chairman, Maruti Suzuki India limited
Earlier on Thursday, Maruti posted an 18.5% drop in sales for November.
Mayank Pareek, Maruti’s head of marketing and sales, said market conditions continue to be “extremely sluggish”.