Maruti Suzuki terminates 3000 contractual jobs in India
NEW DELHI: Maruti Suzuki 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, Mr 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 per cent this year, Mr Bhargava said.
courtesy: ndtv.com
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
BEST bus catches fire on Mumbai's Western Express Highway, all passengers safe
Mumbai (PTI): A bus operated by the Brihanmumbai Electric Supply and Transport (BEST) caught fire on the Western Express Highway in Mumbai's Kandivali area on Tuesday night, officials said.
Nobody was injured in the incident and all passengers were rescued safely, an official said.
"The blaze erupted in the CNG-run bus of the BEST near Sai Dham temple in Kandivali east. All passengers were safely evacuated and nobody was injured," he said.
Personnel of the police department and fire brigade were alerted, following which they rushed to the spot and launched a firefighting operation, he said.
As per the preliminary information, the fire started in the engine section of the vehicle.
Due to the incident, traffic on the Western Express Highway was disrupted for some time and vehicles were asked to use an alternative route, the official said.
