Jul 28, 2011, 11.39 PM | Source: Reuters
Workers at Maruti Suzuki's plant in Manesar, Haryana ended a strike on Thursday, a spokesman for the company said, adding that production had resumed at the facility after halting for a few hours.
"One of the supervisors was assaulted by some workers at the Manesar plant yesterday," the spokesman said, adding that a section of workers had stopped work on Thursday after the company tried to take disciplinary action.
India's top car maker, Maruti, 54.2% owned by Japan's Suzuki Motor Corp, produces about 1,200 vehicles a day from the Manesar plant, including the hatchbacks Swift and A-Star models and the DZiRE and SX4 sedans.
In June, about 800 workers went on a 13-day strike at the Manesar plant, crippling production and leading to more than USD 90 million in lost output. Workers had demanded recognition of a new union specific to the plant.
Maruti, which sells nearly half of all passenger cars in India, saw its sales drop by 8.8% to 80,298 vehicles in June, marking its first decline since December 2008.
Shares in Maruti, valued by the market at USD 7.9 billion, closed down 1.93% at Rs 1,185.90 in a weak Mumbai market.
Aware of the change in market dynamics with a big
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Ashwani Gujral of ashwanigujral.com is of the view
Net Sales are expected to increase by 21.3 percent
Maruti Suzuki India Ltd has informed BSE that the