Explained: Job losses in the auto industry, and the demand for lower GST on cars | Explained News, The Indian Express

Explained: Job losses in the auto industry, and the demand for lower GST on cars | Explained News, The Indian Express

Reported by Sandeep Singh |Edited by Explained Desk |New Delhi |Updated: August 8, 2019 4:54:02 pm

Explained: Job losses in the auto industry, and the demand for lower GST on cars

FADA has stated that nearly 2 lakh jobs have been cut in the last three months due to the slowdown. The slowdown continued in July, which reflected in the decline in domestic sales of up to 50 per cent announced by leading automobile manufacturers.

Industry sales started to come under pressure from July 2018

The slowdown across the automobile sector has finally begun to impact the jobs within the sector. While the auto sector is one of the biggest job creators with almost 37 million jobs across its value chain, industry leaders now seem worried.