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Maruti Suzuki to lock down its plants in Haryana for 2days

Maruti Suzuki India Limited has chosen to close down its services at Gurugram and Manesar manufactories for the next two functioning days — September 7 and 9. The band has stated that “both days will be seen as no production days”. The company has not specified a specific purpose for closing down the plants.
The tenacious composition in the automobile sector has tripled all auto companies, including those who make heavy industrial vehicles and auto-part makers. All important carmakers, including Maruti Suzuki India, Hyundai, Mahindra and Mahindra, Honda and Tata Motors proclaimed a double-digit de-growth in August selling.

  • Prior, Maruti Suzuki Shorten More Jobs dominant carmakers companies like TATA and Mahindra, Maruti Suzuki is there are not able to sell their cars in markets that is why companies are cutting temporary jobs like India’s NO 1 Car Maker Company Maruti Suzuki cuts due to the extensive sales slump in his passenger vehicles. There were also reports that Maruti is also faced a decline in its Q1 profit that reported 27.3 per cent year-on-year decline in its net profit at Rs 1,435.50 crore for the first quarter ended June 30, 2019, dented by lower sales volume and higher depreciation expenses.
  • Staring of this month Maruti Suzuki has cuts interim jobs after cumbersome sales dive according to the reports the main purpose why a country’s major carmaker has taken this decision. Maruti Zuki sends the Email to news agency Reuters and said that it hired 18,845 temporary workers on average in the six months ended June 30, down 6% or 1,181 from the same period last year. The company also said job cuts had stimulated since April.
  • From the last couple of months, Maruti is facing a tough time Maruti has also suffered a decline in its Q1 profit that reported 27.3 per cent year-on-year drop in its net profit at Rs 1,435.50 crore for the first quarter ended on June 30, 2019, marked by lower businesses volume and higher shrinkage costs.
  • The auto industry body Society of Indian Automobile Manufacturers (SIAM) has now requested the government to fulfil some urgent measures, including reducing GST rates on vehicles from 28 per cent to 18 per cent, to help companies among falling sales. The body on September 2 also urged for the beginning of scrappage plan
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