There are also reports that in order to continue some level of manufacturing despite labor unrest, the company is getting help from its original equipment manufacturer (OEM) vendors. The OEMs have sent approximately 22 vendors to the Maruti's Manesar plant to help continue some production, according to a report in Financial Express. A Maruti spokesperson was quoted in the report as, "Yes, we have taken some help from vendors. We have deployed them at our plants for quality checks."
The confrontation at the Maruti's Manesar plant started when the company besides firing and suspending employees asked everyone to sign a 'good conduct bond.'
Maruti Suzuki has not allowed approximately to enter the factory as they have not signed the good conduct bond. Instead the company has started hiring on contract to supplement production.
VIEW: This can hit the stock price of the company in the coming week. It will be prudent to book some profit and wait for further clarity before buying the shares again.