The management suspended general secretary Pravin Shinde, who has been on a hunger strike since Monday to press for a renewal of the wage agreement which ended last month.
Union vice-president Amol Sonawane is also on hunger strike.
The Nashik plant of Mumbai-based M&M, India's largest utility vehicle manufacturer, makes the Scorpio, Bolero, Verito (sedan) and Xylo models. M&M's stock on the Bombay Stock Exchange dipped on Wednesday by 2.2 per cent, to close at Rs 878.35.
On Tuesday, too, the company lost production of around 90 vehicles due to a three-hour stoppage of work.
Output resumed during the second shift. M&M normally produces around 550 vehicles from the Nashik plant daily.
There are about 3,000 employees.
Wage negotiations between union and management have been on for six months.
However, despite several rounds of talks, the wage agreement was not renewed, say the workers.
They’d earlier threatened an indefinite strike from March 11 if the wage negotiations are not finalised by March 9.
Now, they’d
India and the Aussies: Check out these records!
IN PIX: India's TOP selling cars in February
Swipe your credit card and BUY a Tata Nano!
I can vouch for ex-IAF chief Tyagi's integrity: Raju
Markets post best gains in 3-months on Fed optimism