Slump in automobile market claims 2 lakh jobs

Slump in automobile market claims 2 lakh jobs

Indian automobile market has seen great slump and there is decline in sales for second year also. Production cuts have been made for 200000 jobs as per a survey. “Last year was one of the most difficult periods for the auto industry says president of Society of Indian Automobile Manufacturers. Indian auto mobile industry has created 19 million jobs and estimated to employ more than 25 million by the year 2016.

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