Hyundai Grand i10 and Xcent launch push plant utilization to 91%
Following prolonged economic slowdown in the auto industry, sluggish sales and idling stocks, automakers now look ahead with the newly formed government with optimism and confidence. In the past fiscal, despite INR 20,000 crores being invested in manufacturing facilities, utilization was at just about 55%, while total production stood at just 28.49 lakh units, despite installed capacity standing at 51.38 lakh units.
At bottom of the rung in this grim scenario was General Motors. In the last fiscal, the company was bogged down by a host of recalls and falling demand. GM, which had installed capacity of 2.82 lakh units was able to produce just 78,426 units with output standing at a mere 28% of installed capacity.
The same scenario was reflected where Tata – Fiat was concerned, utilizing 33% of installed capacity, while Renault – Nissan utilized 55% of their installed capacity. Climbing a bit higher on the charts was Honda Cars India which utilized 56% of installed capacity, while Maruti Suzuki utilized 77% of installed capacity.
At the top of the charts was Hyundai Motors India Limited, which not only experienced increased demand due to the launch of Xcent compact sedan and Grand i10 hatchback, but also utilized 91% of their installed capacity. Since it’s launch, Grand i10 has recorded over 83,000 sales, averaging at over 10,000 units a month. For Xcent, which was launched back in March, has recorded about 20,000 sales till date.
Hyundai India has installed capacity of 6.80 lakh units and was able to produce 6,19,876 units in the past fiscal. Increased demand was noted both where domestic markets and exports were concerned, and thus resulted in Hyundai Motors making it to this topmost position.
The second in line after Hyundai, is India’s largest car maker, Maruti Suzuki India. They have an installed capacity of 15 lakh units, while they produced 11.53 lakh units. Thus utilizing 77% of their capacity for fiscal 2013/14.
via Economic Times