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|22nd February 2009, 20:45||#121|
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NEW DELHI: Japanese car major Honda will continue to cut its India output by over 45 per cent for the next six months in order to prevent
inventory build up amidst the ongoing slowdown in the domestic market.
The company, however, said its planned launch of hatchback Jazz in the Indian market is on schedule. It is also mulling to increase the prices of its products.
"We have already adjusted our productions. Today our inventory level for India is quite appropriate -- two weeks for our own hand and two weeks on dealers' side," Honda Siel Cars India President and CEO Masahiro Takedagawa said.
The company, which is present in India through a joint venture with the Siel Group, has cut its production to 200 cars a day in a single shift since the beginning of this year from the capacity of producing 380 units a day in two shifts, he added.
Asked how long the company plans to continue the production cut, Takedagawa said: "After the market recovers and once we decide to increase production, it takes about two months to go back to full production again. Probably for the next six months, single shift operations will continue."
Due to rising input costs and devaluation of rupee in the international market, the company is planning to increase the prices of its products.
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