But between July and September, the auto sector once again started to end and the 1 percent increase in sales was seen in July-September 2020 as compared to July-September 2019. After which the auto sector companies took the initiative to start the process of increment and bonus of their employees once again. According to a report by our partner website Money Control English, during the Corona epidemic, some companies in the auto sector had voluntarily provided for a pay cut. In which the auto companies did not force any employee to take a pay cut. In such a situation, despite the economic downturn and the Karona epidemic, the auto sector has once again started the process of increasing the salary of its employees with the hope of better performance.
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Hyundai Motor India- Hyundai is the second largest car manufacturer in India. During the Corona epidemic, Hyundai did not cut salary of its employees. In such a situation, Hyundai is going to consider increasing the salary of employees after assessing their performance once again in February.
Bajaj Auto- The country’s leading two-wheeler manufacturer, Bajaj Auto, did not cut the salaries of its employees during the Corona epidemic. But during this time the process of promotion of the company was definitely affected. At the same time, Bajaj Auto executive director Rakesh Sharma said that, there has been a delay in the promotion of employees during Kovid, but Bajaj Auto kept the process of increment and bonus. In such a situation, we are trying our best to implement this process from April 1.
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JK Tire – JK Tire Chairman Raghupati Singhania said that during the Corona epidemic, the company implemented a voluntary wage cut process. In which 25 percent of the salary of the employees was deducted. Which the company has now withdrawn. He told that soon JK Tire is going to increase the salary of its employees.
Ceat Tire- Anant Goenka, managing director of Cek, a rival of JK Tire, reported that the company hired additional workers to meet the supply of tires in the Corona epidemic. For which the company gave good salary and bonuses to the employees.