In March, the company had reported a production cut of 20.9%, while in February the company had reduced production by over 8% to 1,48,959 units from 1,62,524 units produced in the year-ago month.
Auto manufacturers have been facing muted sales for quite some time now. The slowdown has forced companies to adjust their production schedules to market demand.
Automakers like Mahindra & Mahindra (M&M) and Tata Motors have also announced adjusting production to tapering market demand to cut down inventories.
In May, overall passenger vehicle wholesales in India witnessed the steepest decline in nearly 18 years, dropping by over 20 per cent amid continued weakness in retail offtake.
The decline in May was the worst since September 2001, when sales had dropped by 21.91%.
In fact, barring October last year, when sales went up 1.55%, passenger vehicle offtake has been in the negative zone in 10 of the last 11 months.
Passenger vehicle retail sales were, however, comparatively better in May. As per automobile dealers' body FADA, retail sales in May dipped 1% to 2,51,049 units as compared to the same period last year.
Both SIAM and FADA are yet to release detailed sales data for June.
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