Moneycontrol PRO
HomeNewsBusinessCompaniesMaruti to stay at troubled Manesar plant: Report

Maruti to stay at troubled Manesar plant: Report

India's biggest carmaker Maruti Suzuki will continue to operate at the troubled Manesar factory, and will build its third plant at the site by the middle of next year, The Economic Times newspaper reported on Saturday, quoting Managing Director Shinzo Nakanishi.

July 21, 2012 / 11:12 IST

India's biggest carmaker Maruti Suzukiwill continue to operate at the troubled Manesar factory, and will build its third plant at the site by the middle of next year, The Economic Times newspaper reported on Saturday, quoting Managing Director Shinzo Nakanishi.

Maruti Suzuki stopped production at the factory on Wednesday after workers attacked managers at the plant and set fire to company property. It faces a shutdown that could last several weeks or more.

The violence, just nine months after the end of strikes at the facility that cost more than USD 500 million in lost production, spooked investors and raised the prospects of supply disruptions for Maruti's most popular hatchback, which is assembled at the 550,000 vehicle-per-year plant.

Also read: Manesar incident biggest challenge in my career, says Maruti CEO

first published: Jul 21, 2012 11:00 am

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!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347