Suzuki Motor announced it expects to reach production of 800 units a day at its Manesar plant, in India, which was closed for a month because of the July riots.
Before the riots in July the Manesar plant used to manufacture 1,700 units a day. The plant was recently reopened on August 21st and began production under police surveillance. President Osamu SuzukI announced that currently the plant produces 670 cars daily.
The riots over a labor dispute brought the death of a general manager, the injury of dozens of executives and a production loss of 41% in August. At 2:29 p.m. in Tokyo trading the automaker increased 0.8% to 1,374 yen. At 11 a.m. in Mumbai, Maruti rose 1% to 1,185.20 rupees.
“Without question, we hope that legal action will be taken,” over the riot, Suzuki said. “It is still unclear what caused the riot.”
On August 2nd the automaker announced it will revise its profit target according to the situation at Manesar plant. While the facility was closed the company was losing about 680 million rupees ($12.2 million) daily. Suzuki expects net income to increase 30% to 70 billion yen ($892 million) for the 12 months ending March 31st.