708-Chaudhari Technical Institute, Gandhinagar - Gujarat ...

strike, demanding among other things, major revisions to their wages,
incentives and pensions
• Employees used slowdown in October 2000, to press a revision to their
incentive-linked pay. In parallel, after elections and a new central
government led by NDA alliance, India pursued a disinvestments
policy. Beside with many other government own companies, the new
management planned to sell part of its stake in Maruti Suzuki in a
public contribution. The worker's union oppose this sell-off plan on the
ground that the company will lose a major business benefit of being
subsidised by the Government, and the union has superior safeguard
while the company remains in control of the government.
• The standoff between the union and the management continued
through 2001. The management refused union demands citing
increased competition and lower margins. The central government
prevailed and privatized Maruti in 2002. Suzuki became the majority
owner of Maruti Udyog Limited
(Rs. in Million)
Year Net Sales Year Net Sales
2006-07
1,45,922
2009-10
3,01,198
2007-08
1,78,603
2010-11
3,58,490
2008-09
2,03,583
2011-12
3,47,059
• Hansalpur (Gujarat), Aug. 25:
• Japan’s Suzuki Motor Corp (SMC) Chairman Osamu Suzuki today
visited the site here where its subsidiary Maruti Suzuki India plans to
set up a new manufacturing unit at an investment of Rs 4,000 crore.
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