Electronic, car companies hit top gear to step up festive output

Companies manufacturing cars, smartphones, televisions, refrigerators and washing machines are ramping up festive season production by up to 50% compared with the corresponding period a year ago, anticipating robust sales and buoyed consumer sentiment in the next three-four months.

For electronic companies, this will mark a reversal from the April-July period when they had slashed production due to fall in demand.

Top car manufacturers such as Maruti Suzuki India, Mahindra & Mahindra, Hyundai and Tata Motors are increasing output by more than 15-20% on a year-on-year basis with component supplies easing up.