Connect with us

Automobile

Maruti Suzuki cuts 3,000 contract jobs due to auto slump

Published

on

NEW DELHI – Maruti Suzuki India Ltd Chairman R.C. 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% this year, Bhargava said.

 

Automobile

Maruti Suzuki India reports near 33% drop in August sales

Published

on

By

New Delhi: The country’s largest carmaker Maruti Suzuki India on Sunday reported a 32.7% decline in sales at 1,06,413 units in August.

The company had sold 1,58,189 units in August last year, Maruti Suzuki India (MSI) said in a statement.

Domestic sales declined by 34.3% at 97,061 units last month as against 1,47,700 units in August 2018, it added.

Sales of mini cars comprising Alto and WagonR stood at 10,123 units as compared to 35,895 units in the same month last year, down 71.8%.

Sales of compact segment, including models such as Swift, Celerio, Ignis, Baleno and Dzire, fell 23.9% at 54,274 units as against 71,364 cars in August last year.

Mid-sized sedan Ciaz sold 1,596 units as compared to 7,002 units earlier.

However, sales of utility vehicles, including Vitara Brezza, S-Cross and Ertiga, rose 3.1% at 18,522 units as compared to 17,971 in the year-ago month, MSI said.

Exports in August were down by 10.8% at 9,352 units as against 10,489 units in the corresponding month last year, the company said.

Continue Reading

Trending