Maruti Suzuki lost Rs. 340 crores

The strike at Maruti Suzuki's plant in Manesar continued for the 11th day on Tuesday as talks between the workers and management failed to resolve the deadlock over creation of a second workers' union.

According to the official, the production halt at the Manesar plant has cost the automobile major a volume loss of around 10,200 cars, including 600 units on the first day of the strike June 4 which translates into a revenue loss of approx Rs. 340 crores.

By the way the stock price of the company hasen't been affected that much and is down around 2% since June 4 2011. But if the strike continues for few more days, there might be deeper impact on the company's stock prices.

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