Tuesday, Nov 30, 2021 | Last Update : 06:58 PM IST

  Business   Companies  27 Aug 2019  Maruti Suzuki cuts 3,000 contract jobs

Maruti Suzuki cuts 3,000 contract jobs

PTI
Published : Aug 27, 2019, 1:28 pm IST
Updated : Aug 27, 2019, 1:28 pm IST

Auto sales declining for ninth straight month, more auto manufacturers are laying off workers and temporarily halting production.

Maruti plans to increase CNG vehicles by 50 per cent this year, Bhargava said.
 Maruti plans to increase CNG vehicles by 50 per cent this year, Bhargava said.

New Delhi: Maruti Suzuki India Ltd Chairman RC Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising inventory amid a slowdown in demand.

Safety norms and higher taxes have “added substantially” to the cost of cars, affecting their affordability, Bhargava told shareholders at the company’s annual general meeting.

 

With India’s auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, Reuters reported on Saturday.

The company is on track to meet the country’s new emission norms, adding that the company will move towards manufacturing compressed natural gas (CNG) and hybrid cars.

Maruti plans to increase CNG vehicles by 50 per cent this year, Bhargava said.

Tags: maruti suzuki, jobs, employment, auto sector, employees
Location: India, Delhi, New Delhi