Business Standard

Maruti Suzuki India cuts temporary workforce by 6% as sales plummet

Maruti Suzuki, which produces about one in two of the passenger vehicles sold in the country, yesterday reported a 33.5% decline in sales in July to 109,265 vehicles compared with July 2018

Maruti Suzuki Alto.
Premium

Sudarshan Varadhan and Aftab Ahmed | Reuters
The country's biggest automaker, Maruti Suzuki India Ltd, has cut the number of workers it employs on temporary contracts following a plunge in vehicle sales, it told Reuters.

The auto industry, which accounts for nearly half of the country's manufacturing output, is going through one of its worst slowdowns in nearly a decade, with vehicle sales falling rapidly and little sign of a revival anytime soon.

The company said it employed 18,845 temporary workers on average during the six months ended June 30, down 6 per cent, or 1,181 people, from the same period last year, adding that job cuts

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in