NEW DELHI, Sept 6 India's top auto industry
executives called for the government on Thursday to take urgent
steps to revive a sector crippled by plunging sales, leading to
hundreds of thousands of job losses and lower production.
NEW DELHI India's top auto industry executives called for the government on Thursday to take urgent steps to revive a sector crippled by plunging sales, leading to hundreds of thousands of job losses and lower production.
* India's auto industry sheds 350,000 jobs since start of
MANESAR, India The narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi's southern outskirts, would usually be packed on Sundays with migrant workers employed at the nearby plants enjoying their day off, but not anymore. | Video
(The August 22 story corrects paragraph 7 to clarify Bellsonica makes auto framework parts and adds co response.)
NEW DELHI Jet fuel supply to state-run carrier Air India has been stopped at six domestic airports because of unpaid dues to fuel provider, Indian Oil Corp (IOCL) , three sources said on Thursday.
NEW DELHI India's domestic passenger vehicle sales in July dived at the steepest pace in nearly two decades, an auto industry body said on Tuesday, as a financing crunch deepened a crisis in the country's autos sector and triggered large-scale job losses.
* Passenger vehicle sales plunge 31%, steepest pace since
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.
MANESAR/NEW DELHI India's biggest automaker, Maruti Suzuki India Ltd , said it had cut the number of its temporary workers to cope with a slowdown in auto sales, adding to the jobless problem in Asia's third largest economy.