Mumbai, Jul 23: Maruti Suzuki's shares fell more than 5 percent in early trading on Monday after the company announced it can not set a deadline for reopening the Manesar plant.
Violent clashes between workers and management last week left one dead, scores injured and parts of the plant burned out, closing the 550,000 vehicles-a-year Manesar factory where Maruti manufacturers its best-selling Swift hatchback.
Shares in the carmaker were trading 5.4 percent lower at 0955 am (0425 GMT), with shares in parent Suzuki Motor Corp down 2.9 percent in Tokyo.
"Following the incidents of violence and arson at the Manesar factory, the Management believes that if employees are asked to report for work at the facility, their lives will be endangered," the company said in a statement on Saturday.
Maruti chairman RC Bhargava said on Saturday that he could not say when the factory would reopen, as police continue to investigate the riot and over 20 officials injured during the violence remain in hospital.
