Maruti Suzuki reports 2% year-on-year decline in auto production in December

Maruti Suzuki India said its total production fell 2% to 152,029 units in December 2021 from 155,127 units in December 2020.

However, the company’s total production is 4% higher than the 145,560 units produced in November 2021.

While production of passenger vehicles fell 3% to 148,767 units, production of light commercial vehicles nearly doubled to 3,262 units in December 2021 compared to December 2020.

“The shortage of electronic components had a minor impact on vehicle production during the month,” the automaker said in a statement.

Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).

The company’s consolidated net profit fell 65.7% to Rs 486.90 crore in Q2 FY22 from Rs 1,419.60 crore in Q2 FY21. Net sales increased 9.1% year-on-year (year-on-year) to Rs 19,300.50 crore in the quarter.

Maruti Suzuki India shares rose 1.25% to close at Rs 7,519.70 on BSE yesterday.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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