Business Headlines

Business Headlines: Auto Sector Slowdown & Mr. Mahindra’s Message to the Govt.

Slumping sales of cars and motorcycles are triggering massive job cuts in the auto and auto ancillary industry, with many companies resorting to shutting down factories for days and reducing their number of shifts, in an attempt to save operating costs. However, the most worrisome statistic was that automakers, part manufacturers and dealers have laid off about 3,50,000 workers since April. We give you an in depth view of the ailing auto sector and what eminent industry leader Anand Mahindra’s message to the government was. #AnandMahindra #NarendraModi #NirmalaSitharaman

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