Battery maker Exide Industries cut Indian production of most automobile products by 10%-15% in September, up from a 5% cut in August, to reduce inventory amid slowing demand for vehicles, a senior company executive has said.

“We have cut production on almost all auto products, barring two-wheeler batteries as demand for that segment is still robust,” the executive, who didn’t wish to be named, told Dow Jones Newswires.

He said demand was expected to rebound from October as higher sales in the Indian festive season encourage automakers to increase production leading to similar increases by component manufacturers.