Shares of Maruti Suzuki India Ltd fell over 4 percent on Tuesday even as the company resumed operations in its Manesar plant in Haryana after around 40 days of closure due to the nationwide lockdown.
Operations of the country’s largest carmaker were suspended at its Manesar as well as Gurugram facilities since 22 March.
When asked about the timeline of full-swing operations, Bhargava told the news agency that would depend on government regulations like when two shifts would be allowed, when manpower could be increased and when supply chain would become fitter. “There are many variables involved.”
On 22 April, despite the Haryana government’s permission to reopen its facility, the company had said it will resume operations only when it can maintain continuous production and sell vehicles, “which is not possible at this point of time”.
