Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
1-min read

Over 3,000 Temporary Jobs Cut Due to Slowdown: Maruti Suzuki

MSI Chairman R C Bhargava said contracts of the temporary workers were not renewed due to the slowdown.


Updated:August 17, 2019, 2:38 PM IST
Over 3,000 Temporary Jobs Cut Due to Slowdown: Maruti Suzuki
A man walks outside the Maruti Suzuki India Ltd. manufacturing plant in Manesar in Haryana, India. (Image: REUTERS/Anushree Fadnavis)

Over 3,000 temporary employees have lost jobs with the country's largest carmaker Maruti Suzuki India (MSI) due to the ongoing slump in the automobile industry, a top company executive has said. MSI Chairman R C Bhargava said contracts of the temporary workers were not renewed due to the slowdown while asserting that permanent workers have not been impacted.

"This is a part of the business, when demand soars, more contract workers are hired and reduced in case of low demand," he said while speaking to some leading private TV channels.

Bhargava was responding to a query on whether the current slump and production cuts have led to job cuts in Maruti. "Around 3,000 temporary workers have lost jobs with Maruti Suzuki," he added.

Reiterating that automobile sector creates job in the economy from sales, service, insurance, licensing, financing, accessories, drivers, petrol pumps, transportation - he cautioned, "fewer automobiles (sales) will impact jobs on a larger scale."

These are not even visualised. The impact is much higher, he added.

When asked if the industry has hit the rock bottom in terms of sales in July, he said revival in the sense of positive growth will start from third or fourth quarter of this fiscal, partly because of the lower base effect.

"Hopeful to see strong revival in FY 2021. By then transition to BS VI will be over," he added. Commenting on expectations from the upcoming festival season, he said due to the good monsoon, rural sales may pick up.

"If government makes an announcement and takes positive actions it should help improve the situation," he said, however, it was up to the government to decide on GST rate cut and take the corrective action.

"Personally we would like to see GST benefits linked to greener/cleaner cars...The government gave tax cut on EVs but hybrid should be given duty cut. There should be tax cut on CNG vehicles," he added.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch


Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results