Toyota Motor Corp's Indian unit has decided to end a lock out at its two local vehicle plants, five days after declaring a suspension of production due to a pay dispute with workers.The factories near the southern Indian city of Bangalore are Toyota Motor's only vehicle plants in the world's sixth-biggest auto market, where the Japanese manufacturer generates just a sliver of its global sales.Toyota Kirloskar Motor Private Ltd (TKM), the world's biggest car maker's Indian unit, said on Thursday workers could return from Monday after signing an undertaking on good conduct. It did not elaborate.The company earlier on Thursday said it had suspended some workers for misconduct at its plants. It did not say how many workers were suspended.
TOYOTA MOTOR CORPORATION is a Japan-based company mainly engaged in the automobile business and financial business. Shares of TM fell by 1.25% or $-1.355/share to $107.32. In the past year, the shares have traded as low as $99.70 and as high as $134.94. On average, 408330 shares of TM exchange hands on a given day and today's volume is recorded at 412850.
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