Hyundai Motor India to cut production from Monday

Newswire

MUMBAI, Dec 26 (Reuters) - South Korean car maker Hyundai Motor Co's India unit plans to cut production by up to a quarter from Monday due to falling demand, its managing director said on Friday. "We have decided to go in for a two-shift production instead of three shifts now as demand has declined," H.S. Lheem told reporters after opening a new showroom in the city. The company is considering raising prices by up to 2 percent to offset the higher cost of raw materials, he said, but ...

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