Maruti Suzuki announces 2-day shutdown of Gurugram, Manesar plants
New Delhi: India's biggest carmaker Maruti Suzuki today announced no-production days at Gurugram and Manesar plants on 7th September and 9th September 2019.
In a statement to stock exchanges, Maruti Suzuki India said it has decided to shut down the passenger vehicle manufacturing operations of Gurugram and Manesar plants in Haryana for two days, on 7th and 9th September, 2019. Both days will be observed as no production days.
Maruti Suzuki shares were trading 3.5% lower at ₹5,843 apiece as compared to a 0.50% gain in benchmark index Sensex.
Many automakers in Indian have been cutting production as passenger vehicles sales are set to fall for a tenth consecutive month in August. Maruti Suzuki India had cut its production by one-third in August, making it the seventh straight month that the country's largest car maker reduced its output.
The government had in August announced a slew of measures to prop up the automobile sector but industry experts have termed them inadequate.
The auto industry has sought immediate steps from the government, including reduction in GST rates and initiation of scrappage policy, as sales continued to plummet.
Maruti Suzuki India on Sunday reported a nearly one-third decline in sales at 1,06,413 units in August. The company had sold 1,58,189 units in August last year. Domestic sales declined by 34.3 per cent at 97,061 units last month as against 1,47,700 units in August 2018. Sales of mini cars comprising Alto and WagonR stood at 10,123 units as compared to 35,895 units in the same month last year, down 71.8 per cent.
Sales of compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, fell 23.9 per cent at 54,274 units as against 71,364 cars in August last year.
Mid-sized sedan Ciaz sold 1,596 units as compared to 7,002 units earlier.
However, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, rose 3.1% at 18,522 units as compared to 17,971 in the year-ago month, MSI said.
Exports in August were also down by 10.8% at 9,352 units as against 10,489 units in the corresponding month last year, the company said.
Courtesy: www.livemint.com
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Will give suitable answer on L&O situation in Karnataka during winter session: Minister Parameshwara
Bengaluru (PTI): Home Minister G Parameshwara on Saturday said that he will give a suitable response in the state legislature about the law and order situation in Karnataka, if the opposition raises the matter to target the government.
Opposition BJP has made it clear that the law and order situation will be among the main issues that it will raise during the winter session.
The winter session of the Karnataka legislature will begin in Belagavi on December 8 and will go on till 19th of this month.
"I will give a suitable answer (in the Assembly), if they (opposition raise), as to how the law and order situation is in Karnataka and in BJP-ruled states. Also, how law and order was there when the BJP was in power in the state, and how it is now with figures," Parameshwara said in response to a question.
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Speaking to reporters here, he said he is not saying that there have been no incidents in the state, but it has to be told as to how the situation was there during the BJP's rule and how it is now.
Asked about how the government will defend notorious criminals and a terror suspect allegedly enjoying preferential treatment inside the Parappana Agrahara Central Jail, the home minister said, "When the majority of the incidents took place, which government was there? All this will be informed in the Assembly when the issue is raised."
Admitting that such incidents have occurred under the current government's tenure too, he said, appropriate action has also been taken against those involved and the officials responsible. "But, old videos were circulated and it was projected as it took place now. I will explain each incident," he added.
To a question on Special Investigation Team (SIT) probe into allegations of "multiple murders, rapes and burials" in the temple town of Dharmasthala, Parameshwara said, he would inform the factual position to the legislature, if raised in the House.
"SIT has submitted the report to the court. They have also submitted it to the government. If the issue is raised, we will inform the house. Factual position has to be told. What is there to hide?"
Asked about his meeting with senior Minister Satish Jarkiholi, amid leadership speculation in the state, Parameshwara said, some time the meeting with Jarkiholi might be on work-related matters as he holds a major PWD portfolio, while sometime it will be for casual political discussions.
"What is there to hide in it? We have met in the past too," he added.
