Wednesday 24 July 2013

Maruti Suzuki threatens to shut down Manesar plant

The company is facing prospect of paying additional compensation worth over Rs 500 crore for 600 acres of land, according to reports.

Reports said that Maruti Suzuki has threatened to shut its Manesar plant in Haryana.
The company is facing prospect of paying additional compensation worth over Rs 500 crore for 600 acres of land, according to reports.
Maruti makes models like the Swift hatchback and Dzire sedan at Manesar, for making diesel engines.
"If further enhancement is granted, the (Maruti) management may take a decision to discontinue the plant at Manesar," counsels P S Patwalia and Abhishek Manu Singhvi stated.
Manesar is one of crucial facilities for Maruti, as well as for the global operations of Japanese parent Suzuki.
While Maruti Suzuki refused to comment.
Maruti currently churns out 5 lakh cars annually from the Manesar set-up, which is set to eventually rise to 7.5 lakh.

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