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Home » News » Business

Oct 04, 2012, 06.51 PM | Source: CNBC-TV18

Unions of other motor companies protest Maruti layoffs

Unions of Honda Motorcycles & Scooters and Hero Motocorp have assembled at Jantar Mantar to protest against Maruti sacking off 543 workers in August. Maruti Suzuki's Gurgaon union is also part of the protests.

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Unions of other motor companies protest Maruti layoffs

Unions of Honda Motorcycles & Scooters and Hero Motocorp have assembled at Jantar Mantar to protest against Maruti sacking off 543 workers in August. Maruti Suzuki's Gurgaon union is also part of the protests.

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Unions of Honda Motorcycles & Scooters and Hero Motocorp have assembled at Jantar Mantar to protest against Maruti sacking off 543 workers in August.

Maruti Suzuki 's Gurgaon union is also part of the protests. Meanwhile, SY Siddiqui of Maruti Suzuki is firm that irrespective of what the SIT probe report says the company will not change the decision on the laid off workers, reports CNBC-TV18.

SY Siddiqui, COO - administration, Maruti Suzuki, says that in terms of our current stand on those people who have been found involved based on the evidence provided by the injured people in Maruti, there's no question of going back on that decision. But to a great extent that will impact the counter measures we take for future. The SIT report will be important from that perspective.

 

Hero Motocorp stock price

On February 11, 2016, Hero Motocorp closed at Rs 2498.45, down Rs 49, or 1.92 percent. The 52-week high of the share was Rs 2869.10 and the 52-week low was Rs 2252.00.


The company's trailing 12-month (TTM) EPS was at Rs 129.30 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 19.32. The latest book value of the company is Rs 327.58 per share. At current value, the price-to-book value of the company is 7.63.

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Unions of other motor companies protest Maruti layoffs

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