EXCLUSIVE: Slumping sales of cars and motorcycles are triggering massive job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts. More here: by sudvaradhan AditiShahsays aftabahmed00
) have implemented brief suspensions to production in recent weeks in the face of slow demand, separate sources said.
Passenger vehicle sales have dropped for nine straight months through July, with some automakers suffering year-on-year declines of more than 30 percent in recent months. India’s jobless rate rose to 7.51% in July 2019 from 5.66% a year earlier, according to private data group CMIE. The CMIE data is more up-to-date than government figures and regarded in financial markets as more credible.
FILE PHOTO: Employees work at the production line on a Honda Mobilio car at a Honda plant in Greater Noida on the outskirts of New Delhi July 21, 2014. REUTERS/Adnan Abidi/File Photo
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Exclusive: China warns India of 'reverse sanctions' if Huawei is blocked - sourcesChina has told India not to block its Huawei Technologies [HWT.UL] from doing bu...
Baca lebih lajut »
Exclusive: India raises cost of refinery project with Aramco by 36% - sourcesEXCLUSIVE: India raises cost of refinery project with Aramco by 36% - sources by Nidhi712
Baca lebih lajut »
India scraps special status for Kashmir in step Pakistan calls illegalIndia has revoked the special status of Kashmir, the Himalayan region that has long been a flashpoint in ties with neighbouring Pakistan, as it moves to fully integrate its only Muslim-majority region with the rest of the country. More here:
Baca lebih lajut »
Pakistan seeks UN action as India strips Kashmir of key rightsIn a letter to UN chief, Foreign Minister Shah Mahmood Qureshi accuses India of trying to alter demography of Muslim-majority Kashmir, arguing it could affect outcome of UN-backed plebiscite in the disputed region.
Baca lebih lajut »
India isolates Kashmir by shutting down communications as big change announcedIndia's imposition of an unprecedented communications blackout on Jammu and...
Baca lebih lajut »