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Indian Auto Parts Makers Warn Of 1 Million Job Cuts If Slowdown Continues
Passenger vehicle sales fell 18.4 per cent in the first quarter June passenger vehicle sales fell by the biggest margin in 18 years India's economic growth fell to a five-year low earlier this year
25 Jul 2019, 03:37 PM IST 
The auto sector accounts for nearly half of India's manufacturing output
The auto parts industry could be forced to slash a fifth of its 5 million (50 lakh) or so workforce if the slowdown in vehicle sales continues, the president of the country's largest industry group for auto parts makers said.
