Maruti Suzuki faces costly shutdown after deadly factory violence at Manesar plant
With a manager dead, 90 employees in jail and an entire factory's workforce under investigation for murder, Maruti Suzuki faces a shutdown at Manesar plant could last several weeks or more and cost it USD 15 million a day.
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Amid heavy police deployment, dispatch of cars from Maruti Suzuki's plant here resumed on Friday even as production facilities remained closed after the violent incident on Wednesday that killed a senior company official.
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The country's largest carmaker Maruti Suzuki India (MSI) on Monday reported 9.84 percent increase in total sales at 93,988 units for September.
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Shares of Maruti Suzuki rise as much as 4.24 percent on Monday on hopes for increased sales from the launch of a new Alto 800 model in mid-October, during India's festival season.
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India's largest carmaker Maruti Suzuki India is looking to regain lost ground in the small car segment with the launch of a completely new version of its erstwhile best selling model Alto.
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Gujarat Chief Minister Narendra Modi, who is on a visit here to woo investors, on Monday condemned violence at Maruti Suzuki's Manesar plant, stating such incidents should not happen anywhere in the world.
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The wife of a senior executive killed in the attack inside Maruti Suzuki India's Manesar plant last week on Monday said had security been provided for officials the tragedy could have been averted.
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Representatives of around 100 villages, who gathered at Dhana village for a Mahapanchayat, on Monday, demanded a CBI inquiry into the violence at Maruti Suzuki's plant last week in which one senior company official was killed and 100 injured.
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Maruti Suzuki, Suzuki's Indian flagship, is beset by labour unrest. Problems at its Manesar plant also echo squabbles at Tata Motors in West Bengal. But an enterprising Gujarat may come to Suzuki's rescue as it did for Tata.
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A Special Investigation Team (SIT) has been constituted to probe Wednesday's labour unrest and fire incident in Maruti Suzuki's Manesar plant, in which an official was burnt alive and over 50 employees were injured, officials said on Thursday.
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