Economic slowdown

The auto component industry in Chennai on a downward spiral

Print edition : September 13, 2019

At a foundry in Coimbatore on August 19. The slowdown has hit auto component units in the city, which, together with Chennai, accounts for 35 per cent of the country’s component production capacity. Photo: M. PERIASAMY

The auto component industry in Chennai is facing an unprecedented slowdown and many major units have announced temporary lock-outs and voluntary retirement schemes.

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