Auto component players, backbone of the domestic automobile industry, are facing a prolonged and painful slowdown in demand for cars, commercial vehicles and two-wheelers. A drastically affected component industry has witnessed nearly 10 lakh jobs being shaved off. Majority of the job losses are contractual staff hired for regular production work by companies.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Me4CCg
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