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Slowdown: Hyundai Motor India lists 'no production days'

  •   Sat, Aug 17 2019 09:43:26 PM

Chennai, Aug 17 (IANS): 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 IANS 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.
  

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Comment on this article

  • ad, mangaluru

    Sun, Aug 18 2019

    Current State of India:

    1. jet airways closed
    2.air india 7600 cr in debt and looking for buyers
    3.bsnl 54000 jobs in danger
    4. no money to pay salary for Hal employees
    5.postal dept loss 15000cr
    6.1milllion to be laid off in auto industry
    7.12.76 lakhs unsold in 30 major cities
    8. aircel is dead
    9.jp group finished
    10.ongc is under losses
    11. 36 largest debtors missing from country
    12. 2.4 lakh cr loan waived off to a few corporates
    13. pnb under losses
    14. banks incurring losses
    15. external debt 500 billion plus US$
    16. railways are for sale
    17.rental of heritages including red fort
    18. Maruti cuts production
    19.55000cr car inventory unsold
    20. builders stressed no buyers get 18-28%
    21.ofb under corporatization affection 1.5 lac employees and families
    22. millions unemployed due to demonetization
    23. highest unemployment in 45 years
    24. 5 airports sold to Adani
    25.Record HNI individuals leaving India
    26. videocon bankrupt
    27.Tata domoco no more
    28. ccd founder siddhartha sucide due to debt
    29. farmers committing suicide
    30. People are migrating leaving India for good


    These are not reported in media
    and many more disasters yet to come

    Recession or governance under Modi's development of India?

    DisAgree [2] Agree [22] Reply Report Abuse

  • Krishna, Udupi

    Sun, Aug 18 2019

    Jossey,
    Samjotha no more working, or else i would have given ticket to u

    DisAgree [6] Agree [5] Reply Report Abuse

  • ad, mangaluru

    Sun, Aug 18 2019

    Truth Hurts.

    DisAgree Agree [5] Reply Report Abuse

  • Rudolf Rodrigues, Mumbai

    Sun, Aug 18 2019

    Stock market has become a big den of corruption with so many cos fudging accounts in connivance with rogue auditors and pumping & dumping shares thus defrauding banks and shareholders; regulators taking no action?

    DisAgree Agree [3] Reply Report Abuse

  • Krishna Dasa, Udupi,.

    Sun, Aug 18 2019

    We should blam previous Congress Government for issuing permits for Foreign companies like Hyundai, Toyota, Suzuki, Ford & General Motors to make & sell cars in India and making our own grate brands like Ambesador, Premier Padmini & Standard motors to close down. We want Indian Brand and not Foreign brand, Present Government likes only Make in India brand.

    DisAgree [20] Agree [2] Reply Report Abuse

  • Desh Bhakth, Mangalore

    Sun, Aug 18 2019

    FYI, the models of cars you proposed are not Make-in- India brand but are of foriegn origin. Ambassador is English Land master version and Premier Padmini & Standard motors are Italian versions. Blind Bhakths living like frogs in well.

    DisAgree [5] Agree [16] Reply Report Abuse

  • ad, mangaluru

    Sun, Aug 18 2019

    Made in India- just bullock cart. By the way its pollution free I think.

    DisAgree [2] Agree [7] Reply Report Abuse

  • ad, mangaluru

    Sat, Aug 17 2019

    Less cars the better.

    DisAgree [7] Agree [13] Reply Report Abuse

  • Hussain, Kaup

    Sat, Aug 17 2019

    Jossey

    First time since 2014 u r not blaming modi, amit, RSS, BJP

    DisAgree [12] Agree [3] Reply Report Abuse

  • Desh Bhakth, Mangalore

    Sat, Aug 17 2019

    Yes, use oxen who breathe in oxygen and breathe out oxygen. Think if US had the same thinking?!?!?!?!?!?......

    DisAgree [3] Agree [10] Reply Report Abuse


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