Country's largest car maker Maruti Suzuki India's (MSI) Manesar plant wokers entered its fourth day strike today affecting the production. The company had yesterday sacked 11 employees at the plant for allegedly inciting others to strike work.
Since Saturday, around 2,000 workers at the plant had gone on strike resulting in a production loss of about 1,800 units till yesterday and the value of the loss is estimated to be around Rs 100 crore. The Manesar plant rolls out about 1,200 units every day in two shifts. The factory produces hatchbacks Swift and A-Star and sedans DZiRE and SX4.
Maruti Suzuki (India) sold a total of 1,04,073 vehicles, up by 1.9% as compared to 1,02,175 vehicles in May 2010. This includes 10,554 units of exports during the month.
In May 2011, the company has sold 93,519 units in the domestic market, up by 3.9% over 90,041 units in corresponding month last year. The sales in A1 segment dropped by 11.6%, in A2 segment sales dipped by 2.6% while, the sales in A3 segment surged by 24.20%. The sales in C segment registered a growth of 20%.
The company has posted a marginal increase of 0.50% in its net profit of Rs 659.86 crore for the quarter ended March 31, 2011 as compared to Rs 656.55 crore for the quarter ended March 31, 2010. Total income of the company has increased from Rs 8568.18 crore for the quarter ended March 31, 2010 to Rs 10212.05 crore for the quarter ended March 31, 2011.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 360.15 |
| Maruti Suzuki | 13452.25 |
| Mahindra & Mahindra | 3199.35 |
| Hyundai Motor India | 1901.25 |
| Mercury Metals | 35.39 |
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