After fire, Maruti says Rohtak R&D center is covered by insurance policy


The country’s biggest automaker, Maruti Suzuki India, said on Tuesday that the facility at its R&D center in Rohtak, where a fire broke out on Monday, was covered by an insurance policy.

“Damage assessment is ongoing and recovery of the insurance amount is subject to damage assessment by the adjuster,” the company said in an exchange filing.

On Monday, the company informed that a fire had occurred at its Rohtak R&D center in one of the buildings where a new lab extension was being built by a third-party project company.

“Unfortunately, two people working with a company contracted by the project company died in the fire. The company deeply mourns this loss of life and stands with the families of those who died at this time of mourning,” a- he declared.

Maruti Suzuki said the fire has been brought under control and the root cause is being investigated with investigating authorities.

“There were no other injuries. This incident does not affect the company’s production operations,” he added.

The company had reported a 2% increase in total sales in March to 1,70,395 units. However, domestic sales fell more than 8% to 1,33,861 vehicles.

Maruti Suzuki shares ended Tuesday up 0.60% at Rs 7,610 on BSE.

Also read: Lack of flexibility in the workplace is making Indian women miserable: LinkedIn report

Also read: IOC excludes Russian Urals from latest tender


About Author

Comments are closed.