Automobile Slowdown Hits Component Manufacturers In Chennai | Read

PUBLISHED ON: June 15, 2019 | Duration: 3 min, 17 sec

  
loading..
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.
ALSO WATCH
Auto Sales Continue To Decline

................................ Advertisement ................................

................................ Advertisement ................................