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Maruti cuts production by 32% in March

INDIA's largest carmaker Maruti Suzuki India has decreased production by 32.05 per cent in March, according to a regulatory filing by the company.

The company produced a total of 92,540 units in March as against 1,36,201 units in the year-ago month, the auto major said.


Passenger vehicle production last month stood at 91,602 units as against 1,35,236 units in March 2019, a dip of  32.26 per cent, it added.

Production of mini and compact segment cars, including Alto, S-Presso WagonR, Celerio, Ignis, Swift, Baleno and Dzire stood at 67,708 units as against 98,602 units in March last year, down 31.33 per cent.

Production of utility vehicles such as Vitara Brezza, Ertiga and S-Cross, however, declined by 14.19 per cent to 15,203 units as compared to 17,719 units a year ago.

Mid-sized sedan Ciaz saw its output go down to 2,146 units in March from 3,205 units in the same month last year.

Light commercial vehicle Super Carry's production declined to 938 units last month from 965 units in March 2019, the filing said.

In February, the automaker had cut its production by 5.38 per cent to 1,40,933 units.

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UK pay rises

Research shows pay awards have stayed at the joint lowest level since December 2021.

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UK pay rises hold steady at lowest level in nearly four years, survey finds

Highlights

  • Median pay rises hold at 3 per cent the lowest level in nearly four years, IDR survey shows.
  • Public sector wages overtake private with 4 per cent median awards as workers catch up after years of lag.
  • Employers plan cautious settlements amid budget uncertainty and rising social security costs.

British workers are seeing pay settlements remain at their lowest level in nearly four years, with median pay rises holding steady at 3 per cent in the three months to September, according to new research.

The figures from Incomes Data Research (IDR), released ahead of the Bank of England's interest rate decision, show pay awards have stayed at the joint lowest level since December 2021. The survey covered 35 pay deals affecting nearly 800,000 employees between July and September.

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