Tens of thousands losing jobs as India's auto crisis deepens2 min read . Updated: 06 Aug 2019, 10:49 PM IST
- Passenger vehicle sales have dropped for nine straight months through July, with some automakers suffering year-on-year declines
- The auto sector, which contributes more than 7% of India's GDP, is facing one of its worst downturns
NEW DELHI : Slumping sales of cars and motorcycles are triggering massive job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said.
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