Maruti, Hyundai, Tata ramp up production by 20-40%: Report
Auto
Big news for car lovers: Maruti Suzuki, Hyundai, and Tata Motors are all ramping up their production by 20-40% thanks to lower GST rates and a surge in demand.
October 2024 saw record-breaking car sales, with festive vibes and price drops getting more people into showrooms.
Carmakers are adding extra shifts to meet rising demand
Maruti Suzuki is aiming to roll out over 200,000 cars in November—well above its usual numbers.
Hyundai is adding extra shifts at its Talegaon plant to bump up capacity by 20%.
Tata Motors plans to increase monthly output from about 47,000 to as much as 70,000 cars.
With S&P Global Mobility now predicting much faster growth for India's auto industry through 2026, it looks like the momentum isn't slowing down anytime soon.