Vehicle manufacturer Maruti Suzuki India has trimmed 1,000 temporary employees. Not only that, but new recruitments are also planned to be banned. The company is also exploring other ways of cutting costs to tackle the slowdown in the current situation. The slowdown in the auto industry has not only reduced sales of auto companies but also hit the low level.
According to media reports, temporary employees are the first to be affected and the same has happened in this case. However, the company has not commented on the matter. According to industry experts, month-on-month sales and increased inventory at dealerships have forced not only Maruti Suzuki but other auto companies to reduce their production. This has led to a decrease in jobs at the factory and retail level.
Maruti Suzuki has sold 100,006 units of passenger vehicles in the domestic market with a record decline of 35.1 percent in July. The figure stood at 154,150 units in the same period last year. The cumulative sales of Maruti Suzuki during the April-July period have been 474,487 units, a decline of 23.2 percent against 617,990 units sold over the same period of the previous year. Maruti's sale now includes 1796 units of the Baleno premium hatchback supplied to Toyota.