Henry's Feed
Jul 26, 2012

History repeating for Maruti as supply strain looms

MUMBAI (Reuters) – Maruti Suzuki(MRTI.NS: Quote, Profile, Research) faces months of supply woes and a slump in market share and sales as a lockout at the key Manesar car factory enters its second week, threatening a replay of a dismal 2011 when labour unrest battered volumes and profit.

The shutdown of the factory, which suppliers and analysts expect to last at least a month at a daily cost of $15 million in lost production, is likely to hobble operations for months to come, hampering the carmaker’s performance in India’s key October sales rush for a second straight year.

Jul 26, 2012

History repeating for Maruti as season of supply strain looms

MUMBAI, July 26 (Reuters) – Maruti Suzuki faces
months of supply woes and a slump in market share and sales as a
lockout at a key Indian car factory enters its second week,
threatening a replay of a dismal 2011 when labour unrest
battered volumes and profit.

The shutdown of Maruti’s Manesar factory, which suppliers
and analysts expect to last at least a month at a daily cost of
$15 million in lost production, is likely to hobble operations
for months to come, hampering the carmaker’s performance in
India’s key October sales rush for a second straight year.

Jul 20, 2012

Maruti Suzuki faces costly shutdown after factory riot

MUMBAI (Reuters) – Carmaker Maruti Suzuki(MRTI.NS: Quote, Profile, Research), a manager killed and 90 employees in jail after workers rioted at its second-largest factory, faces a lengthy shutdown that could cost it $15 million a day and disrupt supplies of its most popular hatchback, the Swift.

Police said they want to detain the entire workforce of 3,000 at the Manesar factory in Haryana, where workers rampaged on Wednesday after a disciplinary incident with a single employee. Scores were injured and a portion of the factory’s vehicle assembly line was burned out.

Jul 20, 2012

Maruti faces costly shutdown after deadly factory riot

MUMBAI, July 20 (Reuters) – Indian carmaker Maruti Suzuki
, a manager killed and 90 employees in jail after
workers rioted at its second-largest factory, faces a lengthy
shutdown that could cost it $15 million a day and disrupt
supplies of its most popular hatchback.

Police said they want to detain the entire workforce of
3,000 at the Manesar factory in northern India, where workers
rampaged on Wednesday after a disciplinary incident with a
single employee. Scores were injured and a portion of the
factory’s vehicle assembly line was burned out.

Jul 19, 2012

One killed, scores injured in Maruti factory clashes

MUMBAI (Reuters) – One person was killed and scores injured in clashes between workers and managers at Maruti Suzuki’s plant in Manesar, the company said on Thursday, with production suspended and shares in India’s biggest carmaker falling more than eight percent.

More than 90 workers have been arrested following the unrest at the Manesar plant in Haryana, police said, in which property was smashed, parts of the factory set on fire. Over 90 people were sent to hospital with injuries.

Jul 19, 2012

One killed, scores injured in India’s Maruti factory clashes

MUMBAI, July 19 (Reuters) – One person was killed and scores
injured in clashes between workers and managers at a Maruti
Suzuki plant, the company said on Thursday, with
production suspended and shares in India’s biggest carmaker
falling more than eight percent.

More than 90 workers have been arrested following the unrest
at the Manesar plant in northern India, police said, in which
property was smashed, parts of the factory set on fire. Over 90
people were sent to hospital with injuries.

Jul 4, 2012

India to give free medicine to hundreds of millions

MUMBAI (Reuters) – India has put in place a $5.4 billion policy to provide free medicine to its people, a decision that could change the lives of hundreds of millions, but a ban on branded drugs stands to cut Big Pharma out of the windfall.

From city hospitals to tiny rural clinics, India’s public doctors will soon be able to prescribe free generic drugs to all comers, vastly expanding access to medicine in a country where public spending on health was just $4.50 per person last year.

Jul 4, 2012

India to give free generic drugs to hundreds of millions

MUMBAI (Reuters) – India has put in place a $5.4 billion policy to provide free medicine to its people, a decision that could change the lives of hundreds of millions, but a ban on branded drugs stands to cut Big Pharma out of the windfall.

From city hospitals to tiny rural clinics, India’s public doctors will soon be able to prescribe free generic drugs to all comers, vastly expanding access to medicine in a country where public spending on health was just $4.50 per person last year.

Jun 6, 2012

India car makers warn diesel tax will hurt industry

NEW DELHI/MUMBAI, June 6 (Reuters) – Major auto makers in
India warned on Wednesday that government proposals to raise the
tax on cars running on heavily subsidised diesel will hurt a
fast-growing sector popular with India’s emerging middle class.

Demand for diesel-powered vehicles has surged, accounting
for more than 40 per cent of new car sales in India in the year
to March 2012 or double their share in the previous year.

Jun 6, 2012

Car makers say planned diesel tax will hurt industry

NEW DELHI/MUMBAI (Reuters) – Major car makers in India are fighting a government proposal to raise taxes on vehicles that run on heavily subsidised diesel, fearing it will hurt a fast-growing segment of the industry.

The tax hike proposal is the latest in a series put forth by Prime Minister Manmohan Singh’s coalition government in recent days as it seeks to fend off widespread criticism that weak leadership and policy inertia are fuelling a slowdown of Asia’s third-biggest economy.