Slowdown in auto sales: 10-15% people lost jobs in auto component industry2 min read . Updated: 24 Jul 2019, 03:22 PM IST
- This is the tenth month of the prolonged slowdown in the auto industry
- Whenever the there is production cut of 20% by OEMs then there is job losses across the value chain of component manufacturers
NEW DELHI : Due to the prolonged slowdown in auto sales since September 2018, automobile component manufacturing sector has already witnessed 10-15% loss in employment, as growth in revenue for companies in the sector slow down significantly.
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