Suzuki Motorcycle India to hold back investment due to slowdown, BS-VI norms
Suzuki Motorcycle India Pvt Ltd has decided to hold back its planned investments on capacity enhancement due to the ongoing slowdown in two-wheeler sales and expectation of a hit in the market by the transition to stricter BS-VI emission norm from BS-IV in April 2020, according to a senior company official.
The company, which is the only two-wheeler maker to post double digit growth so far this fiscal, also said uncertainty created over electrification of two-wheelers had also played a role in parent Suzuki Motor Corporation to adopt a wait and watch strategy before finalising on setting up a new manufacturing plant in India.
"The capacity enhancement is on the cards but it is not immediate. We would need a new facility but it would all depend on how the market responds to the BS-IV to BS-VI migration. That is very crucial and we are watching out for that," Suzuki Motorcycle India Pvt Ltd (SMIPL) Vice-President (sales, marketing and aftersales) Devashish Handa told PTI.
SMIPL ...