Maruti Looks to Job, Production Cuts as Sales Decline As a result of slower economic growth and

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Maruti Looks to Job, Production Cuts as Sales Decline As a result of slower economic growth and higher loan rates, local sales of Maruti Suzuki India Limited fell 7.8 percent in June from last year. Consequently, the largest car maker in India has asked as many as 450 contract workers to go on “long leave”, or leave without pay, as an effort to cut production and reduce inventory levels at its dealerships.

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Macroeconomics

ISBN: 125367

12th Global Edition

Authors: Michael Parkin

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