New Delhi: Maruti Suzuki India on Wednesday said it has run out of stock of the two best selling models, Swift and DZire, which are produced at the Manesar plant where it has declared lockout following violence last week.

The company has, however, ruled out stopping bookings for these models.

"We do not have any stock of Swift and DZire at our factory. About 10,000 cars of both the models are on transit and that is the inventory at present," Maruti Suzuki India (MSI) Chief Operating Officer (Marketing and Sales) Mayank Pareek told media.

When asked if MSI would stop taking orders for these models, he said: "Our booking is going on and we will not stop it. We have informed the dealers and customers about the situation.

"We tell the customers that this is the current situation (about the production at Manesar) and if even after that, they want to book the car, then it shows the strength of the two brands."

Pareek was confident that customers will remain loyal to the company. "During the strikes in last year also, we did not stop booking. Our rivals are still offering discounts to attract customers, but we are receiving huge response to our cars without any scheme even in our crisis period."

He said at present Swift has a booking order of 55,000 units, while DZire has 65,000 bookings. Out of these, 80 percent are for the diesel variants. There is no order backlog for SX4 and A-Star models, which are also produced at the Manesar plant.

Asked how long could it take to clear the backlog, Pareek said: "Assuming that production starts on Wednesday, it will take us 4-6 months to clear the backlog depending upon the variants."

During the April-June quarter this year, MSI had sold over 56,000 units of Swift, while DZire had recorded sales of about 47,000 units.

Pareek also ruled out shifting production of Swift and DZire to Gurgaon plant.

Asked when is the production likely to start at Manesar, Pareek said: "We are optimistic about the situation. Our people are working very hard to restore normalcy."

Dealers on the other hand are pushing customers to buy cars before stocks run out.

"As of now we have stock and the company has not asked us to stop bookings. But as we all know the factory is shut, after next week we may run out of stock, so if you want to buy Swift or DZire, better do it now," said a sales executive in one of the dealers in the National Capital.

Asked what the dealership would do once the stock runs out, he said: "We are not sure what we will do after that."

At present, the diesel version of DZire has a waiting of five months, while that of Swift is two months.

The petrol versions are available off-the-shelf as of now, said another sales executive.

Last week, the company had declared a lockout at the Manesar plant following violence on July 18, in which a senior executive was burnt alive and 100 others injured.


Latest News from Business News Desk