Maruti reported a 33 per cent drop in August sales at 1,06,413 units.

Sitharaman has sought to increase liquidity in the hand of the consumer in the form of easier access to loans.

The temporary workers were not renewed due to the slowdown while asserting that permanent workers have not been impacted.

Maruti Suzuki India reported a sixth consecutive monthly sales to decline with the numbers falling 33.5 per cent.

Auto parts manufacturers and dealers have laid off about 350,000 workers since April.

Executives from across the sector also asked the government to provide incentives to scrap old vehicles.

286 showrooms were closed across 271 cities in the 18-month period ended April this year.

The latest entrants in the automobile sector received a salute from the Indian consumer.