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Job loss hits auto industry, what lies next for the sector? | The Big Story
Posted
July 31, 2019
Views
1,454
Likes
23
Comments
10
Engagement
2.27%
July 31, 2019
1,454
23
10
2.27%
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24:55Now PlayingBJP's Sheshadri Chari and Senior Economist, Mohan Guruswamy speak about the slowdown in the auto industry. Gaurav Vangal, Auto sector analyst states that we're going to have more job losses in the coming months because the situation is terrible in the market and the slowdown is hitting us badly as Auto Part Industry Body (ACMA) demands government intervention from the government they have requested the government to slash the GST rate which is 18% currently. 286 dealers across India have wound up operation and about 32000 jobs at stake. The sales have gone down as the higher GST is also affecting the industry.
We ask- Is this the beginning of the job-loss blood bath? Can the government stop this meltdown? To know more watch the video!
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