Slumping vehicle sales and production cuts are generating a sense of crisis for automotive part producers and their carmaker customers in India
OEMs are making cutbacks, around 1m jobs are said to be at risk among component manufacturers and more than 230,000 jobs have reportedly gone from car showrooms in India
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The awakening of global manufacturing from a Covid-induced coma has coincided with the usual holiday season rush and a move away from the just-in-time delivery model to produce a nightmare peak season that’s making replenishing stock in the automotive industry a Herculean task. Illya Verpraet and Christopher Ludwig report.
