Tag: auto component industry
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$3 billion cash flows stuck on account of lockdown, auto parts companies urge vehicle makers to release timely payment – ET Auto
More than 100 component makers have already made an advance payment to 100,000 blue-collared workers a fortnight before the scheduled date of payment. Mumbai: 21 days lock down would choke fledgling Indian auto component industry with over a $3 billion or Rs 25000 crore of cash flows. Having assured government that auto component makers will
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ETAuto Originals: Who owns the Indian Component Industry – ET Auto
New Delhi: Even before India opened up its economy in 1991, a revolution in its automotive industry had triggered the dawn of economic growth in the country, according to economic historian J Bradford DeLong. He even argued that during this 1980s, growth in India’s gross domestic product was faster than in the following decade. That
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COVID-19 lockdown impact: Auto component industry takes a hit of Rs 1000-1200 crore each day – ET Auto
ACMA claims that over 1 lakh contractual employees have already been paid their salary for the month of March. New Delhi: Due to 21-day nationwide lockdown in the wake of coronavirus outbreak, the domestic auto component industry is suffering a loss of around Rs 1,200 crore per day, the industry body Automotive Component Manufacturers’ Association
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Comments
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