Sunday, May 10, 2009

WORKERS STRIKE AT HYUNDAI, M&M PLANTS SETS OFF ALARM BELLS

 At a time when the Indian auto industry is beginning to see some respite from the market slump that started last year, strikes by workers at Hyundai Motor India Ltd (HMIL) and Mahindra & Mahindra's manufacturing units have set the alarm bells ringing.

Industry experts say the strike by workers could further dent the auto industry. While, M&M is still negotiating with the striking employees at its Nashik plant, HMIL successfully reached an agreement with the workers last week bringing to an end their 18-day long stir.

"These are very difficult times for the auto industry. It is not yet fully on a recovery path. It is important for all stakeholders to ensure that there is continuity of availability of vehicles and avoid disruption," Society of Indian Automobile Manufacturers Director General Dilip Chenoy said.

In the recent past, the industry had witnessed co-operation between stakeholders when there was production cuts due to sluggish demand. Such collective efforts should continue, he added.

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