Acma
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Auto sector slowdown: Component maker Bosch likely to slash a few thousand jobs in India in next four years
Fp Staff •Bosch may retrench about 10% of its 3,700-strong workforce in the administrative and management segments while it could be more than 10% of the 6,300 workers in the manufacturing level.
Anand Mahindra says auto industry needs to switch to reporting retail and not wholesale volumes
Fp Staff •Anand Mahindra's tweet was a response to the auto firm's managing director Pawan Goenka's tweets on Sunday.
Auto sector slowdown: Anuragh Thakur heckled at ACMA event over fall in sales, says govt bids underway to save industry
•Minister of State for Finance Anurag Thakur was heckled at an ACMA event on Friday after he asked auto industry players why sales had not picked up despite measures taken by government, RBI intervention and big discounts by manufacturers, to which a participant interjected and said it was because of the "demonetisation effect"
Maruti Suzuki asks auto component industry to produce electronics, key parts in India to cut imports
•The country's largest carmaker Maruti Suzuki India on Friday asked the components makers to start manufacturing vehicle electronics and certain key parts in India in order to cut imports of such articles
Auto sector slowdown: Components industry seeks uniform 18% GST on all parts
•Auto components industry on Friday sought uniform 18 percent GST in order to help companies with their working capital borrowings which could be used to invest in long-term assets
Auto sector crisis: April-July passenger vehicle output down 13.2% on Maruti, M&M production cuts
•Market leader Maruti Suzuki India's production during the period stood at 5,32,979 units, down 18.06% from the comparable period last fiscal.
Auto industry seeks stimulus package from govt as sector hit by unprecedented slump in sales
•Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit by an unprecedented slump in sales
Economy shows signs of structural slowdown: Govt must work on urgent stimulus plan that Budget couldn’t deliver
Dinesh Unnikrishnan123 •There is no immediate respite seen for the economy till now. The signs of deeper trouble are flashing continuously indicating that the slowdown is turning structural in nature.
Slowdown in auto industry impacts component sector too; 15% job loss after turnover growth dips
Fp Staff •The industry body, which represents the auto components industry that alone employs around 50 lakh people, also sought clarity on policy for electrification of vehicles.
Auto sector slowdown: Component makers are holding a mirror to the economy, reflection isn’t pretty
Dinesh Unnikrishnan123 •For eight months straight, auto sales have been slowing across products and verticals—both passenger and commercial