Maruti Suzuki, (MSI) India's top car maker’s Manesar plant has stopped functioning because of strike by about 2,000 workers, resulting in a production loss of about 1,200 units.
The workers at the factory at Manesar, in northern Haryana state, have stopped work since June 4, 2011 demanding recognition of a new union. The local unit of Suzuki Motor, lost half a day of production on June 4, 2011 totaling about 600 cars due to the agitation. Taking no disciplinary action against the 11 office bearers of the new union is also another demand.
The Manesar plant rolls out about 1,200 units every day in two shifts. While the first shift operates between 7.30 am and 4 pm, the second shift starts at 4 pm and ends at 12.30 am. The last time the company witnessed a major strike was when workers stopped production for three months from November, 2000, to January, 2001.
MSI is setting up two new units with an annual installed capacity of 2.5 lakh units each inside its Manesar facility at a total investment of Rs 3,625 crore. The existing plant in Manesar can produce 3.5 lakh units annually, while the three units in Gurgaon have a combined annual capacity of 8.5 lakh units.
| Company Name | CMP |
|---|---|
| Maruti Suzuki | 12209.50 |
| Mahindra & Mahindra | 2575.45 |
| Mercury Metals | 69.00 |
| Hindustan Motors | 33.25 |
| Suzuki (India) | |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Download APP
