New Delhi: Hit by repeated incidents of labour unrest, Maruti Suzuki India expects car production at its Manesar plant to reach normal levels only by the end of December this year. Speaking to analysts on Monday, a Maruti Suzuki India (MSI) spokesperson said the company was ramping up output at the Manesar unit following a tripartite agreement between the management, workers and Haryana government to end a 14-day strike on...
02:06 PM, Oct 31, 2011
Mumbai: Shares of Maruti Suzuki tanked by over 6 per cent in morning trade on the bourses on Monday after the leading car-maker reported a nearly 60 per cent fall in September quarter net profit. On Saturday, Maruti Suzuki posted a 59.81 per cent fall in net profit to Rs 240.44 crore for the September quarter, which was mainly due to production cuts at its Manesar plant because of labour...
11:16 AM, Oct 31, 2011
Ahmedabad: Gujarat Chief Minister Narendra Modi on Sunday welcomed Maruti Suzuki's decision to set up a plant in the state, saying that it would accelerate the growth of the state's automobile sector. "I welcome Maruti Suzuki's decision to come to Gujarat. Gujarat is moving ahead fast as Asia's auto hub. With Maruti, the pace will accelerate," Modi said on twitter. "It's Gujarat's new year and this is Maruti's gift to...
05:02 PM, Oct 29, 2011
The Maruti Suzuki board has given the go ahead to set up a new manufacturing facility in the Mehsana district of Gujarat. ...
03:36 PM, Oct 29, 2011
New Delhi: The country's largest car-maker Maruti Suzuki India on Saturday reported 59.81 per cent fall in net profit at Rs 240.44 crore for the quarter ended September 30, mainly due to production loss at Manesar because of labour unrest. The company's board, meanwhile, has approved to purchase land in Gujarat to set up manufacturing facilities. The company had posted a net profit of Rs 598.24 crore in the same...
02:57 PM, Oct 29, 2011
Mumbai: It was a disappointing session on Dalal Street. After remaining choppy in the first half of the session, the market took a late dive. This as disappointing earnings from the likes of L&T, JSW Steel and Idea hurt sentiment. However, indices managed some recovery in last minutes of trade and settled the trade 0.8 per cent lower. The sell-off in oil & gas, metal, FMCG, power, telecom and private...
09:28 AM, Oct 21, 2011
New Delhi: The 14-day-long strike at Maruti Suzuki India's Manesar's plant was called off on Friday morning following a tripartite agreement between the management, workers and the Haryana Government. As part of the agreement, the management agreed to take back 64 permanent workers but another 30 will remain suspended. It was also agreed that around 1,200 casual workers would also be reinstated, sources privy to the talks said. The strike...
05:26 AM, Oct 21, 2011
Manesar: Sushil Kumar, 28, has been working with Maruti for the last 5 years. Its been difficult he admits, claiming that working conditions are not the best and salaries are deducted even for earned leave. Which is why, they had no option but to protest. Kumar said, "Maruti Worker Permanent workers get Rs 16,000 but if attendance is short we get just Rs 9000. Even if we take one day...
09:14 AM, Oct 20, 2011
New Delhi: After a series stand-offs between the management and employees, sources say that Maruti Suzuki India may be shifting base out of Gurgaon. Sources have confirmed to CNN-IBN that India's largest automaker is looking at Gujarat as their new location citing the recent spate of strikes in their Gurgaon plant as the reason. They said that the Maruti Suzuki Board is meeting on October 29 to take a decision...
03:21 PM, Oct 19, 2011
New Delhi: Maruti Suzuki India on Tuesday admitted that the company needs to learn how to deal with a young workforce as it grapples with frequent labour issues at its Manesar plant. The company, which has witnessed three prolonged labour issues at the plant this year, including the ongoing strike, also blamed inexperienced workers for the trouble, saying they need to "have some respect for law". "When you look at...
03:24 PM, Oct 18, 2011
New Delhi: The strike at Maruti Suzuki India's (MSI) Manesar plant entered its 11th day on Monday, with workers protesting outside the factory premises, but the company said it has resumed partial production at the plant. The company also said production at its main plant at Gurgaon has been resumed after a two-day closure last week due to component supply constraints from Suzuki Powertrain India Ptd (SPIL). In the meantime,...
11:06 AM, Oct 17, 2011
Manesar: The workers on strike at Suzuki Powertrain India Ptd (SPIL) and Suzuki Motorcycle India Pvt Ltd (SMIPL) vacated factory premises on Saturday morning, following an order from the Haryana government. The workers at the two companies have been on strike since October 7 in support of their colleagues who have struck work at Maruti Suzuki India's (MSI) Manesar plant. "We have decided to vacate the plant as per the...
12:33 PM, Oct 15, 2011
New Delhi: The strike by Maruti workers at its Manesar plant entered its 9th day on Saturday. The workers have now agreed to abide by the Punjab and Haryana High Court order to protest at least 100 metres outside the factory walls. The company on Friday also suspended production at its Gurgaon plant for 48 hours. The labour agitation intensified on Friday as workers earlier, defied the Punjab and Haryana...
07:41 AM, Oct 15, 2011
New Delhi: The labour agitation at the Maruti plant in Manesar has intensified in its day 8 on Friday as workers have defied the Punjab and Haryana High Court order by protesting within 100 metres of the plant. The Punjab and Haryana High Court had asked the workers to keep their protest 100 metres away from the plant. Police sources say workers who have been protesting inside will have to...
10:09 AM, Oct 14, 2011
New Delhi: The strike by workers at Maruti Suzuki India's Manesar plant entered its eighth day on Friday with no sign of an end despite the Haryana government declaring it illegal on Thursday. The strike got a moral booster as trade unions and workers from in and around Manesar officially joined the strike. But the Maruti Suzuki chairman said they will not cede to the worker's demands and more workers...
06:36 AM, Oct 14, 2011
New Delhi: The strike at the Maruti Suzuki India's Manesar plant entered it's seventh day on Thursday with it being declared illegal by the Haryana Labour Department the police and the administration. The protesting workers told to evacuate the plant's premises immediately. In support of the striking workers, different trade unions have pledged to hold a meeting outside the Manesar plant. Meanwhile, the Haryana Labour Department has initiated the process...
09:34 AM, Oct 13, 2011
Chandigarh/New Delhi: Taking a tough stand against the ongoing agitation at Suzuki's Indian entities, the Haryana government on Wednesday declared the strike illegal and initiated process to cancel registrations of unions at Suzuki Powertrain and Suzuki Motorcycle. The department has declared the strike called by workers of Maruti Suzuki India (MSI), Suzuki Powertrain India Ltd (SPIL) and Suzuki Motorcycle India Pvt Ltd (SMIPL) illegal, an official release said on Wednesday....
01:12 AM, Oct 13, 2011
New Delhi: The ongoing strike at Maruti Suzuki's Manesar plant entered its sixth day on Wednesday, with no production taking place at the unit, as workers continue to demand that the management take back all suspended and casual employees. The strike by workers at Suzuki Powertrain India Ltd (SPIL) and Suzuki Motorcycle India Pvt Ltd (SMIPL) in support of their colleagues at Maruti Suzuki India's (MSI) Manesar plant has worsened...
10:27 AM, Oct 12, 2011
New Delhi: The strike by workers at the Manesar plant of Maruti Suzuki India entered its fifth day on Tuesday and with no signs of an end to the stalemate, the management said its overall production will be lower than it was on Monday. The strike by workers at Suzuki Powertrain India Ltd (SPIL) and Suzuki Motorcycle India Pvt Ltd in support of their colleagues at Maruti's Manesar plant also...
12:07 PM, Oct 11, 2011
Mumbai: It was a day of consolidation as the bulls took a breather after a two-day rally. The Nifty started off strong, but soon slipped on indifferent European cues to close flat at 4.979, while the Sensex closed at 16536 down 20 points. Investors were also nervous ahead of I-T major Infosys' Q2 results that are slated to come out tomorrow. Though the street expects the company's dollar revenue to...
09:09 AM, Oct 11, 2011
