Maruti Suzuki lost Rs. 340 crores

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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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