Hyundai India declares 'no production days' in Tamil Nadu plant
As the market conditions take a dip for the automobiles sector, Hyundai joins the companies that have changed their production schedules.
Hyundai Motor India has announced that the Sriperumbudur, Tamil Nadu facility ceased production on designated days because of the prevailing market conditions in the automobiles market.
Employees at the plant were notified that there will be 'no production days' while few assembly lines continue to operate and other departments according to the minimum requirement.
There was no production in the body shop, paint shop, assembly shop during all three operating shifts on Aug. 10 and 12. From August 9 to 21, the Engine Shop 1 will have no production and Engine Shop 2 will have no production on August 10, 24, and 31.
Fluctuating market demands are the reason behind this decision of implementing 'no production days' and making changes in the production schedule.
Several strategies such as kickstarting new internal projects and changing production cycles are being implemented by auto-giants across the globe in order to survive and thrive in these uncertain times.
"Our flexible manufacturing process is completely aligned to the market pull and is capable of seamlessly handling the varying market requirements," the statement said. "The specific variances of the market have been incorporated in the company's business and operational plan, streamlining production schedules accordingly."
Other specific segments where Hyundai is performing well include the waiting period for the newly-launched Venue and electric vehicle Kona. The wave of demand is increasingly shifting towards electrical cars as is seen by the pre-booking figures of similar models, according to the Korean auto giant's company statement.