New Delhi: The Maruti Suzuki’s strike at Manesar Plant which entered day 11 has incurred immense financial loss to the number one car maker in the country. According to sources, Maruti has already clocked a production loss of 10,000 units, and in value terms, it amounts to almost Rs 400 crore.

On Sunday, the stalemate seemed to be melting when the management agreed to recognise the new union formed by workers.
Maruti Suzuki manufactures 1000-1200 cars in a day in its Manesar Plant. The ongoing strike may impact the supply of diesel cars.

It manufactures hatchback Swift, A-Star, Swift Dzire and SX4 at its Manesar Plant.

However, the management claims the current strike may not impact the supply of other cars as a result of production loss since dealers generally have about 28 days of inventory.

Diesel cars constitute 20 percent of Maruti’s entire production portfolio.

The strike has already affected the share price of Maruti Suzuki as its price in the share market has come down to Rs 1208 amid uncertainty.

The company management has declared the strike illegal.

 

(JPN\Bureau)