Maruti Suzuki threatens to shut down Manesar plant
At a time when it is gearing up to set up a massive manufacturing unit in Gujarat, Maruti Suzuki has threatened to shut its key Manesar plant in Haryana as it faces the prospect of paying additional compensation — worth over Rs 500 crore —for the 600-odd acres of land where the plant sits, Times of India reported. The threat is significant as Maruti makes blockbuster models like the Swift hatchback and Dzire sedan at Manesar, which is also its sole base for making diesel engines.
At a time when it is gearing up to set up a massive manufacturing unit in Gujarat, Maruti Suzuki has threatened to shut its key Manesar plant in Haryana as it faces the prospect of paying additional compensation — worth over Rs 500 crore —for the 600-odd acres of land where the plant sits, Times of India reported. The threat is significant as Maruti makes blockbuster models like the Swift hatchback and Dzire sedan at Manesar, which is also its sole base for making diesel engines.
"...If further enhancement is granted, the (Maruti) management may have to take a decision to discontinue the plant at Manesar," said counsels P S Patwalia and Abhishek Manu Singhvi while appearing for the company before the Supreme Court.
Read the full report here
