Addressing shareholders at the 31st annual general meeting, which started after observing a minute's silence in memory of slain general manager Awanish Kumar Dev, Maruti Suzuki India chairman R C Bhargava said that security cover at Manesar plant will continue till its staff feels secure.
Chairman of Japan's Suzuki Motor Corporation Osamu Suzuki on Monday visited the violence-hit Manesar plant of the company's Indian arm Maruti Suzuki.
The country's largest car-maker has also issued termination notices to 500 regular workers.
IndusInd Bank was the top laggard in the Sensex pack, cracking around 10 per cent, followed by HDFC, Maruti Suzuki, Axis Bank and UltraTech Cement. On the other hand, TCS, Infosys, ITC and HCL Tech closed with gains. NSE Nifty plunged 313.60 points or 3.43 per cent to 8,823.25.
Cops name them as main accused in violence at Manesar plant, in which a senior official was killed.
According to sources close to the development, the newly formed body -- Maruti Suzuki Workers' Union -- has submitted a list of about 20 demands to the management for consideration while finalising the three-year wage settlement agreement.
The Haryana government has agreed to appoint a special prosecutor, K T S Tulsi, to frame charges against those identified in connection with the incident.
Car exports from India have reached the levels of around six lakh units annually.
Country's largest car maker draws nearly half of its sales from exchange programmes, rural focus.
Maruti Suzuki India may have taken pride in its 'Gypsy' model with defence forces as its main customers but Mahindra & Mahindra Vice-Chairman and MD Anand Mahindra has likened it to a rabbit compared to the company's cheetah-inspired 'XUV500'.
Sensing stiff competition from Maruti Suzuki with the all-new Alto 800 with an aggressive price tag, Hyundai and Tata Motors announced deep price cuts and launch of new special edition variants, respectively to beat the market leader.
The first diesel car from Maruti Suzuki, Celerio diesel is pitted against Hyundai Grand i10, Ford Figo and Chevrolet Beat.
The 11th Auto Expo will be held from January 7 - 11, 2012, at Pragati Maidan in New Delhi.
The numbers are in sharp contrast to the demand the company's premium hatchback Maruti Suzuki Swift had seen.
Maruti, M&M report weak sales, Hyundai up marginally.
Shinzo Nakanishi had a total pay package of Rs 2.8 crore (Rs 28 million) last fiscal ended March 31, 2012, slightly higher than Rs 2.4 crore (Rs 24 million) in the previous year, as per Maruti Suzuki's latest annual report for 2011-12.
Company managements need to "curtail the kind of expenditures on themselves personally" with the COVID-19 pandemic highlighting the need to build internal resources with a frugal style of functioning, Maruti Suzuki India chairman R C Bhargava said on Tuesday. Addressing shareholders in the company's annual general meeting held virtually, he also termed as "a good development for the whole of industry" recent shareholder actions that did not approve expenditures by management on themselves, without specifying details. In the wake of the pandemic, building internal resources has to become a priority of industry and companies.
Clock 11% growth in the first 11 months of 2022.
The company had recently stopped production of petrol models, including the Alto, M800, A-Star, Estilo and Omni for three days to prevent inventories piling up further.
The country's largest carmaker Maruti Suzuki India on Thursday said it will increase the prices of its vehicles across all models by up to Rs 20,000 from January due to increasing pressure on its margins due to currency fluctuation. Honda Cars India and Volkswagen India said they, too, are contemplating the same.
Maruti Suzuki India will set up a skill development centre in Gujarat, where it is investing Rs 4,000 crore to set up a manufacturing facility, even as it is trying to restore normalcy at its Manesar plant in Haryana.
MUL would lift the month-long lockout and resume production at the violence-hit Manesar unit from Tuesday.
The union is organising a protest rally this afternoon at Gurgaon against the sacking, apart from making other demands.
Maruti Suzuki, riding on the success of models like Swift, Estillo and Dzire, posted a growth of 3.4 per cent over the same period in the previous fiscal.
Expressing solidarity with agitating Maruti Suzuki workers, about a hundred protesters from various trade unions staged a demonstration outside Haryana Bhawan on Thursday, seeking the government's intervention for reversing the suspension and dismissal of workers by MSI.
In what seems to be a softening of stance, Maruti Suzuki India Ltd (MSIL) has decided not to take any immediate steps to de-recognise the newly instituted Maruti Suzuki Workers' Union (MSWU) of the Manesar unit.
The average discounts on the models, especially petrol, were all-time high during the July-September quarter.
Leaders of Maruti Suzuki Workers Union could not be contacted for their comments on future course of action.
Buoyed by good response to its new Alto 800, which has touched 21,200 bookings within a week of launch, Maruti Suzuki India is looking to cash in on the ongoing festive season sales.
The Alto was first launched in September 2000 and has registered sales of over 2 million units so far.
For the entire 2012-13 financial year, however, the company's total sales increased by 3.33 per cent to 11,71,434 units from 11,33,695 units in 2011-12, Maruti Suzuki India said in a statement.
The domestic car market leader said there will be no cash outflow from MSI as the merger is proposed to be effected through a share swap agreement.
According to a memorandum of understanding signed between the two organisations, Maruti Suzuki India will sponsor executives every year for the part-time post-graduate diploma in management programme at IMI, the car-maker said.
The current headcount in Maruti stands at around 9,350, including the 200 employees it hired since the beginning of this fiscal.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
Maruti Suzuki India had rolled out its first car -- an M800 -- in December 1983 and attained five million domestic sales in February 2006.
Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.
The company had launched the Yaris in May 2018 at a price range of Rs 8.75 lakh and Rs 14.07 lakh (ex-showroom), competing with the likes of Honda City, Hyundai Verna and Maruti Suzuki Ciaz. However, it didn't have a robust response in the market, clocking a cumulative wholesales of around 19,800 units.
While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.
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