Maruti Suzuki estimated that the total vehicle production volume across both locations could be around 60% of normal production.
The country's largest passenger vehicle manufacturer is making arrangements to secure the supply of chipsets through multiple channels.
Maruti Suzuki, rising over 6%, was the top Sensex gainer followed by M&M, Bajaj Auto, NTPC, Reliance Industries and HDFC Bank
Maruti Suzuki’s revenue to grow at a CAGR of ~18% from FY21 to FY25E and the operating margins of the company to improve by 440 basis points.
Mini cars which comprises of Alto and S-Presso models, had its production levels stood at 20,332 units last month as against 22,208 units a year ago
Auto sector is expected to see momentum ahead of the festive season and Maruti Suzuki may come out of its underperformance.
The auto major had already raised prices in January and April this year, with an overall hike of around 3.5%.
The output for September could between 1.8-2.15 lakh units, the lowest in close to a decade
Goldman Sachs maintains a ‘Buy’ rating on the stock with a price target of Rs 9,036 apiece.
Maruti Suzuki produced 1.7 lakh units in July but it was slashed to 1.33 lakh units in August