No immediate plan for plant reopening announcement: Maruti
Maruti Suzuki , India's largest car maker, said it does not plan to announce on Monday or Tuesday any plans to reopen its plant at Manesar, which has been idle since a riot last month killed one employee.
August 13, 2012 / 15:55 IST
Maruti Suzuki , India's largest car maker, said it does not plan to announce on Monday or Tuesday any plans to reopen its plant at Manesar, which has been idle since a riot last month killed one employee.
Shares in the company gained as much as 2.5% on Monday on what traders said was speculation it could announce as early as Monday plans to reopen the plant."Our position is exactly the same to what we said in the beginning, that we will decide on a date of opening when we are satisfied that safety and security of all our employees is ensured," Chairman RC Bhargava told Reuters by phone. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!