Auto Demand Slowdown May Lead To Job Losses In Component Sector: ACMA
  • WebDesk BTVI
  • Jul 25 2019

As the auto slowdown continues, Automotive Component Manufacturers Association of India (ACMA) President Ram Venkataramani said the auto sector is facing 15 per cent reduced demand, which will lead to job losses in auto component sector. He said he's requested the government to cut the GST on auto components to 18 per cent, from 28 per cent at present. Here's more on what Venkataramani has to say.