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Jul 28, 2011, 11.39 PM IST | Source: Reuters

Maruti Suzuki workers end strike at Manesar

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.

Maruti Suzuki workers end strike at Manesar

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.

Maruti Suzuki stock price

On September 02, 2014, Maruti Suzuki India closed at Rs 2912.80, down Rs 2.7, or 0.09 percent. The 52-week high of the share was Rs 2963.70 and the 52-week low was Rs 1234.00.


The company's trailing 12-month (TTM) EPS was at Rs 96.45 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 30.2. The latest book value of the company is Rs 694.45 per share. At current value, the price-to-book value of the company is 4.19.

READ MORE ON  Maruti Suzuki, Manesar, Swift, A-Star
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