 "Maruti suspends production as component supplies hit")
Country’s largest car maker Maruti Suzuki has been forced to temporarily suspend production at both its plants beginning Monday afternoon after as supply of components from Subros has been hit following a fire on Sunday.
“Subros and Maruti Suzuki are jointly assessing the extent of damage to essential equipment. We are also examining the options available to start supply of components from other facilities. Production will resume as soon as components become available,” said a company statement.
At 3 pm, Maruti’s stock at BSE was trading at Rs 4,061, down almost 2% from the previous trading day. The stock price of Subros, which is the largest supplier of air conditioning system to Maruti cars, was down over 3% at the BSE.
“Subros and Maruti Suzuki are jointly assessing the extent of damage to essential equipment. We are also examining the options available to start supply of components from other facilities. Production will resume as soon as components become available,” said a company statement.
At 3 pm, Maruti’s stock at BSE was trading at Rs 4,061, down almost 2% from the previous trading day. The stock price of Subros, which is the largest supplier of air conditioning system to Maruti cars, was down over 3% at the BSE.