Automobile Slowdown Hits Component Manufacturers In Chennai | Read
PUBLISHED ON: June 15, 2019 | Duration: 3 min, 17 sec
In a clear sign of slowdown hitting the automobile industry, car sales declined by 26 per cent last month compared to May 2018. Car showrooms are bearing a huge inventory which has hit car production too with many automobile makers applying brakes on their roll out. As a cascading effect in Chennai, the Detroit of India, auto component manufacturers are resorting to partial shutdown and temporary lay offs.