KTM 390 Duke brings cheer to India while Bajaj Auto workers on strike
Bajaj Auto Chakan Plant has an annual capacity to produce 1.2 million motorcycles which include Pulsar, Ninja, Avenger and KTM brands. Yesterday was a big day for the parent company, with the KTM 390 Duke launch. Indicative on-road price for the bike a few major metros are as follows.
While there’s much to cheer about at the customer end, Bajaj Auto workers at the Chakan Plant have gone on strike following managementâ€™s refusal to allot them shares of the company at a discount. The workers protesting against this had earlier given the company notice that they would not be reporting to work from the morning shift of June 28, 2013. However, workers have stopped reporting from morning shift of June 25th itself without assigning any reason. This has adversely affected production activities at the plant.
The reason for the strike was that the management has refused to agree to the workers demands that 500 equity shares of Bajaj Auto Limited should be offered to them at discounted rates of Re 1 per share. The company had received a notice from Vishwa Kalyan Kamgar Sanghatana, workmanâ€™s union at the Chakan Plant stating their proposal to call for stopping of work. Representatives of the union could not be reached immediately for reasons and reactions.