INSUBCONTINENT EXCLUSIVE:
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.Get Breaking
news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
