India's Maruti exec says new wage settlement to impact margins

Newswire

NEW DELHI, Oct 30 (Reuters) - Maruti Suzuki, India's biggest carmaker, will see its margins impacted by 15-30 basis points over the next two years as a result of the new wage settlement with its workers, its CFO Ajay Seth said on Tuesday. Maruti, controlled by Japan's Suzuki Motor Corp, reported a 5 percent fall in profit on Tuesday, its fifth consecutive quarterly decline, after a deadly riot at one of its plants led to a $250 million production loss. (Reporting by Henry ...

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