Maruti Suzuki sold 2.66 lakh passenger cars last quarter, down 10 percent year-on-year. But favourable forex rates boosted export realisations and thus helped control decline in net sales to 5 percent.
Sources from Maruti further informed that market sentiments are very low and the company has no option but to ask workers to go on leave to align production with demand.
The strike at Maruti Suzuki India's (MSI) Manesar plant entered its 12th day today as talks brokered by the Haryana government between the management and workers yesterday remained inconclusive.
Taking a tough stand against the ongoing agitation at Suzuki's Indian entities, the Haryana government today declared the strike illegal and initiated process to cancel registrations of unions at Suzuki Powertrain and Suzuki Motorcycle.
The ongoing strike at Maruti Suzuki's Manesar plant entered its sixth day today, with no production taking place at the unit, as workers continue to demand that the management take back all suspended and casual employees.