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.
Maruti Suzuki stock price
On May 24, 2016, Maruti Suzuki India closed at Rs 3917.50, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 4789.00 and the 52-week low was Rs 3202.10.
The company's trailing 12-month (TTM) EPS was at Rs 151.33 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 25.89. The latest book value of the company is Rs 936.03 per share. At current value, the price-to-book value of the company is 4.19.
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