business

M&M lays off 500 temporary workers; puts freeze on hiring

Home-grown auto maker Mahindra and Mahindra has laid off 500 temporary workers at its Chakan plant and put a freeze on hiring for now, says president automotive sector Pawan Goenka. This follows a slowdown in vehicle sales, which has led to rising inventory levels over the past few months across company stockyards and dealers.

first published: Jul 15, 2013 03:37 pm