Maruti Suzuki nudges up after announcing production restart

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Capital Market
Last Updated : May 07 2020 | 9:51 AM IST

Maruti Suzuki India rose 0.76% to Rs 4,876.80 after the car major said it would re-start production of vehicles at its Manesar plant from the 12 May 2020.

Maruti Suzuki India after market hours on Wednesday announced that it would re-start production of vehicles at its Manesar plant from 12 May 2020. All activities would be carried out strictly in accordance with the Government regulations and guidelines and observing the company's own concern for the highest standards of safety, it said.

Earlier on 22 March 2020, the company had announced closure of production and office operations at its facilities in Gurugram and Manesar, Haryana in line with Government's policy against the spread of COVID-19.

The company announced zero sales in the domestic market in April 2020 as all production facilities were closed in compliance with the government orders.

Maruti Suzuki India is engaged in the manufacture, purchase and sale of motor vehicles, components and spare parts (automobiles).

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First Published: May 07 2020 | 9:13 AM IST

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