Auto suppliers hit by rising sanitation and labour costs2 min read 23 Jun 2020, 10:51 PM IST
Any spike in manpower costs will worsen the companies’ already-stretched balance sheets
Automakers are looking to increase production to 70-80% of pre-covid levels in near future
Auto parts makers are worried about a sharp increase in labour costs due to the exodus of skilled workers from cities as they strive to ramp up output in line with the ambitious projections of top automakers.
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