Violence At Maruti's Manesar Plant: Plan To Disrupt Peace

Reflections On The Share Market

The riots have adversely affected the company shares. Maruti Suzuki said that it was completely overtaken by the 'Tsunami-like' unanticipated and unannounced violence. The company shares have drastically fell by 5 percent after markets opened on July 23, 2012. More than that 3,192 crore was wiped off Maruti's market value on July 19, 2012 when its shares slid to their biggest one-day drop in two years. Shares of the parent Suzuki Motor also showed a total drop of 5.7 percent in trading and on the July 19 it fell to their lowest level in three-and-a-half years.

Suzuki executives, however, said that they were keen to establish Gujarat as their exports hub by 2015 hopefully. The Gujarat government had already allocated around 700 acres for Maruti's proposed plant near Mehsana in June 2012. Maruti had said it would be investing 4,000 crore to set up the new manufacturing facility in Gujarat by 2015.