Business Today

Jat quota protests: Maruti stock trading lower as operations at Gurgaon, Manesar plants suspended

In a statement posted on its website, Maruti Suzuki said it had stopped manufacturing at the Manesar and Gurgaon plants on Saturday. The factories produce a combined 5,000 vehicles daily.

BT Online        Last Updated: February 22, 2016  | 16:27 IST
Maruti stock trading lower as operations at Gurgaon, Manesar plants hit

The Maruti Suzuki stock opened lower on Monday after country's biggest carmaker by sales said it had suspended operations at its northern auto plants after protests disrupted the supply of some components.

At 1251 hours, the stock was trading 2 per cent lower at Rs 3,524.

The stock closed 1.61 per cent lower at Rs 3523.30 on the BSE.

In a statement posted on its website, Maruti Suzuki said it had stopped manufacturing at the Manesar and Gurgaon plants on Saturday. The factories produce a combined 5,000 vehicles daily.

The automaker said it was trying to find other parts suppliers not affected by the protests, adding it would resume normal operations when the supply is restored. It did not specify a date.

Five people have so far died in protests in Haryana, the BBC reported on Sunday, as demonstrators from the Jat community rallied against the caste quota system, which they say limits their access to government jobs.

(With inputs from Reuters)

 

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close