Hyundai Declared No Production Days Due to Tough Auto Market Conditions
Hyundai Motor India Ltd (HMIL) has declared "no production days" this month for some of its production departments owing to tough market conditions for the automobile sector.
After Hero Motor Corp’s announcements of closing their manufacturing for four days in Auguts, India’s second largest car maker, Hyundai Motor India Ltd (HMIL) has declared “no production days” this month for some of its production departments owing to tough market conditions for the automobile sector.
The company, in a notification to its workers this month, said that due to prevailing market conditions, there will be no production days in its Engine Shop-1 between August 9-21 (10 shifts), and on August 10, 24, and 31 at Engine Shop-2 (nine shifts).
The company had “no production days” on August 10 and 12 at its Body Shop-2, Paint Shop-2, Assembly Shop-2 and Support Teams (three shifts) and Transmission-2 (six shifts).
A company official, who did not want to be identified, told media that there are three engine plants and plans are there to start another shift in the third.
The demand for models like Venue, and Creta is good and production is going on. The company is also expecting good demand for its new model Grand i10 NIOS.
Incidentally, HMIL is not the only company which has declared “no production days”.
According to reports, several other vehicle and component makers have cut down production by closing down plants to align production to the demand.