Our suppliers lost over 2200 jobs due to demonetization says Rajiv Bajaj
Tuesday, February 21, 2017, 10:43 AM
Auto component companies supplying Bajaj Auto, have discharged more than 2200 people since November 8, 2016 following freefall in retail sales of motorcycles, which were hit severely by scrapping of high value notes. Two-wheeler makers such as Hero MotoCorp and Bajaj Auto, were forced to cut back on production after demonetization. Around 81 companies supply Bajaj Auto alone.