Maruti Suzuki India - Hit by Worker Agitation, Numbers are even below its October 2011 levels - Way2Wealth

Needless to say the numbers from MSIL have been extremely poor due to plant lockout leading to a loss of >50k units.

Lower end Petrol Version like its M800 & Alto continued to feel lack of demand. Monthly volumes for Alto which contributes 64% to the mini car segment has declined from 24.6k units to 20k units.

Higher end compact models have been hit the most on account the 1 month long strike. Cumulative growth looks good as last year the production of old Swift was stopped, so numbers are on a low base.

Manesar operations have resumed but the ramp up in capacity would be slow & steady, resulting in lower utilization levels. Levels of production to touch pre strike levels only by the end of Q3FY12.

UV sales are impressive primarily on success of its Ertiga model, which has a 30k unit orderbook.

Domestic sales in cumulative terms turn negative.

Exports has been greatly impacted this month as the production of its best export model A-star was hampered during the month. Monthly volumes for Astar has plunged from 1388 units to 960 units in Q1FY13.

Whole sale billings are lower, but retail demand seems to be better with sales of July & August together observing a growth of 7%.

Waiting periods have increased for Diesel models like Swift & Dzire.

Source : Equity Bulls

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