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Fresh investments in auto sector unlikely; long, dark period ahead: Siam

Wadhera said job losses in the auto sector cannot be ruled out

Topics
Automobile | Auto sector | Lockdown

Arindam Majumder  |  New Delhi 



car, automobile, manufacturing, jobs, tech, automation
Auto and auto component makers together contribute more than 7 per cent to India’s gross domestic product

It will be a long, dark period for Indian auto manufacturers. Slowdown, complicated by the pandemic, will hit fresh investment and lead to job losses, industry lobby group Society of Indian Manufacturers (Siam) warned on Tuesday.

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First Published: Tue, July 14 2020. 20:58 IST

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