CARBLOGO

Striking workers at the Manesar plant refused to hold negotiations with the Maruti Suzuki management on Tuesday, prompting a state government mediator to blame them for the breakdown of peace talks.  Haryana labour minister SCL Sharma, who was mediating on behalf of the state government, said, "The workers are not agreeing to come back to work unless all their 62 colleagues, who were suspended, were taken back. All this is difficult as criminal cases have been lodged against many of them."  The state government also released three leaders of the Maruti Suzuki Employees Union in an effort to end the 23-day-old industrial stir that has dented Haryana's image as a peaceful investment destination. The MSI management and workers have been locked in a stand-off since August 29, when the management prevented workers from entering the factory premises unless they signed a good conduct bond.  On Tuesday, the workers at the Manesar plant submitted a petition to Gurgaon de...

Maruti Suzuki India Ltd  2011 - Maruti expects slowdown in sales this year Maruti Suzuki India Ltd is expecting a slower growth in sales in the current financial year in the backdrop of the slowdown in the market. The growth in sales might drop to 8-9 per cent from 30 per cent in the last fiscal, which was one of the highest growth rates achieved by the company. In April – June period, the company registered a marginal drop in sales. This was 22.4 per cent up in the same period of last financial year. In the quarter, the company sold 281,526 units, including exports of 30,843 cars, as against 283,324 units in April-June period of 2010-11. In June, sales dropped to 80,298 from 88,091 in the same month of last year. Addressing a press conference in connection with the Kerala launch of the new Swift, Maruti Suzuki general manager and commercial business head (south) Manohar Bhat said the company had increased the production capacity of Swift to 17,000 -18,000 pieces monthly as it ...