Kiran Mazumdar Shaw seeks measures to save jobs in auto sector

Biocon Chairperson and Managing Director Kiran Mazumdar Shaw on Monday said measures are required to save jobs in automotive sector which represents 50 per cent of the manufacturing sector jobs in the country.

Shaw's reaction on twitter came after automobile sale in India witnessed its worst-ever drop in August with despatches in all segments, including passenger vehicles and two-wheelers, plummeting to an all-time low.

"Passenger Vehicle Sales See Worst Ever Monthly Drop Since 1997-98 - we need measures that r not abt saving auto sector but abt saving 50% of manufacturing jobs in the country which is what Auto sector represents," Shaw said in a tweet, tagging Finance Minister Nirmala Sitharaman and Transport Minister Nitin Gadkari.

In another tweet, she said: "Passenger Vehicle Sales See Worst Ever Monthly Drop Since 1997-98 - it wd be good to see GST collections in each slab to evaluate impact of tinkering with 28 per cent rate. Consumer sentiments need to be boosted by changing perception."