He said in the IT sector, the employment cost stands at about 16-18 per cent. Expressing satisfaction over the steps taken recently by the Reserve Bank of India (RBI) to ease liquidity, Mr Bajaj said, ''much more needs to be done.'' The company has registered a growth of 30 per cent sales during April-September, he said.
Asked how much his company would be affected due to the global slowdown, he said, ''Exports will be affected in the coming months and I hope the effect will not be severe.'' The auto major has seen a 31 per cent fall in two and three wheeler sales for October 2008. The company reported a fall in motorcycles sales by three per cent to 1,63,850 units in October 2008 against October 2007 sales of 2,48,307 units.