Maruti Suzuki to hire 2,000 workers for Manesar 3rd line
Roudra Bhattacharya: New Delhi, Feb 05 2013, 03:36 IST
is likely to cross 3%, a number similar to that at Hero MotoCorp. At present, Maruti’s wage bill is among the lowest in the industry at 2.2% (of net sales) at the end of the third quarter of this fiscal, lower in fact than the 2.3% of the previous fiscal.
Maruti has fared better this fiscal in terms of sales on the back of rising popularity of its diesel models such as the Swift, Dzire and Ertiga. Despite sluggish demand for petrol cars and a production drop owing to labour troubles, Maruti’s volumes in April-December rose 8.36%compared with a 11% drop in FY12.
An improved product mix and better export realisation has led to an almost two and half times jump in net profit to Rs 501.29 crore for the December quarter. The company’s share ended Monday at Rs 1,593.50 on the BSE, down 0.94%.
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