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How The Auto Slump Hurt Suppliers
Suppliers to automakers are facing the pinch.
27 May 2019, 09:32 AM IST
The prolonged slump in sales of automobiles since the festive season last year has affected the firms that supply parts ranging from paints and tyres to lighting equipment.Sales of cars and two-wheelers fell due to higher insurance and fuel costs and lack of easy availability of financing triggered by a crisis in non-bank lenders. So acute has been the slump that, according to Society of Indian Automobile Manufacturers, passenger veh...
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