Maruti Suzuki is trading 1% lower at Rs 1,072 in an otherwise strong market on reports that the company temporarily halted production at one of its two factories at Manesar in Haryana due to problems with workers.
Last week, the management of the company suspended four workers at its Manesar plant for instigating fellow workers to participate in an agitation against the company and spoiling the atmosphere at the plant.
The local unit of Suzuki Motor Corp. produces the Swift and A-Star hatchbacks, and the SX4 sedan at the Manesar plant. Maruti has another factory at Gurgaon, also in Haryana.
The stock opened at Rs 1,083 and hit a low of Rs 1,070 on the NSE. A combined 267,874 shares have changed hands on the counter till 1149 hours.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app