skodavolkswagen which covers the entire volkswagen group in india has told employees that it would also honour its commitment to pay bonuses due to more than 90 of its employeesmumbai the indian units of european carmakers skodavolkswagen and renault and chineseowned mg motor have assured employees that their salaries and jobs were safe even though the covid19 crisis has wrecked their business plans and choked cash flows skodavolkswagen said also it would continue to hire in indiathese companies have promised to make huge investments in india and lined up several product launches and believe that protecting the workforce is critical to their longterm plans advt skodavolkswagen which covers the entire volkswagen group in india has told employees that it would also honour its commitment to pay bonuses due to more than 90 of its employees the top management however has decided to delay their bonuses till the business returned to normalthe volkswagen group has committed to investing over a billion euros as part of its india 20 strategy to gain market in this market it employs more than 4200 people in india including at its plantskoda volkswagen india managing director gurpratap boparai said he wanted to first attempt the most difficult things reducing structural costs and overheads but there would be no job or pay cutswe have already communicated to our employees that we will not reduce jobs or salaries bonuses for the past year will also be paid the management will be working overtime to reduce other structural and fixed costs he said adding we will continue to hire for critical jobs related to the india 20 projectet has also learnt that the company will consider appraising its employees once the lockdown is liftedaccording to people in the know renault india has promoted a couple of dozen employees before the end of marchrenault india md venkatram mamillapalle told et that people had been nervous over the past month if the current crisis would lead to salary cuts or job losses through townhalls mamillapalle said he had assuaged employees that their job and income were safe advt salary cut or job loss is not the answer to deal with the current crisis people are my best assets i would want to retain talent to deliver more when things come to normal yes we will have to cut corners on other costs but not employees he addedthe indian passenger vehicle market shrank 18 in fiscal 2020 with sales falling to the levels five year earlier yet the likes of skodavolkswagen renault kia and mg motor have lined up products to participate in the mobility needs in a country of 13 billion peoplethe companies which are in the investment mode and have new products coming up are keen on protecting their ecosystem of dealers vendors and employees to ensure that the value chain is energised and ready to take advantage of the market revival when it happensmg motor a new entrant into the indian market and owned by chinese carmaker shanghai