Toyota cuts production in India to clear inventory
Toyota joins several other automakers in pruning production levels.
Toyota Kirloskar has said it has reduced production levels in India in an effort to clear inventory, reports Business Standard. The automotive joint venture (JV) operates two manufacturing plants at Bidadi, near Bangalore. "We have an inventory of 3,000 cars at our factory. To avoid further pile up of inventory and adjust with the pace of demand for vehicles, we have started taking production holidays up to eight days in a month from the last quarter. There is no other choice for us," said vice-chairman Shekar Viswanathan.
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