MSI chief financial officer Ajay Seth said: "Due to the violence, the overall loss of production was about 77,000 units". MSI paid Rs 432 crore of royalty to its parent company Suzuki Motor Company of Japan, which is 5.4 per cent of its net sales, in the quarter as against Rs 432 crore in the same period last year, which was six per cent on net sales. When asked about the financial implications of the recently signed three-year wage settlement agreement with the workers, Seth said: "Because of the settlement, the wage bill of the company will increase by 0.15-0.3 per cent of the net sales over the next two years". Chief operating officer (marketing and sales) Mayank Pareek said there has been some improvement and so discounts in Q3 and Q4 should come down. In association with Mail Today