The decision to stop the production of petrol engine powered cars was as the company is facing weak demand and aims at reducing its inventories. A slowdown in the auto sector in the country has resulted in falling sales across most segments and the automakers are looking at ways to maintain growth.
Maruti Suzuki India has said that that its sales have fallen during the month of February mostly in line with expectations mainly due to weak demand in the domestic Indian market. The company said that it recorded a fall of 7.9 per cent in sales to a total of 1.09 lakh units in February compared to 1.19 lakh units sold in the same month of the previous year.
Its total sales in the domestic market fell 9 per cent to 97,955 units during the month from the previous year. MSI recorded an increase of 2.8 per cent in exports to 11,612 units during the month compared to February of 2012.
Source Article: http://topnews.in
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