Pandemic no equaliser in auto sector, data show as demand recovery falters
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Sales of affordable motorcycles, which cost about ₹50,000, have been languishing since the onset of the pandemic and show little sign of recovery.
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An unequal recovery in demand for new vehicles across market segments throws some light on the disproportionate economic impact the Covid-19 pandemic has had on various strata of Indian society.
Sales of affordable motorcycles, which cost about ₹50,000, have been languishing since the onset of the pandemic and show little sign of recovery. At the other end of the spectrum, luxury cars costing ₹50 lakh and above have been flying off the shelves.
‘Safety gaps in auto supply chains’
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According to the report, nearly 90% of the injured workers that SII assisted and analysed were migrants, from UP, Bihar and Odisha.
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(This story originally appeared in on Jul 10, 2021)Calling for an introspection in safety protocols of various supply chain firms in the colossal automobile manufacturing ecosystem, a study by the Safe In India Foundation (SII) has underlined gaps in 10 auto giants’ policy framework on ensuring safe working conditions for workers employed in their ancillary units.
The findings point to a “disrespect for the lives of workers and the conditions in which they work”. Describing the automobile giants as “role models”, it says they must set very high standards and “demand respect” for human safety in their supply chains.
Safety gaps in auto supply chains - Times of India indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Budget 2018 | Small and Medium Enterprises Budget wishlist: More projects, lower taxes
Budget 2018 | Small and Medium Enterprises Budget wishlist: More projects, lower taxes
The Dun & Bradstreet SAP SME Survey On The Budget Expectations Of SMEs Across Various Segments Also Found That 43 Per Cent Respondents From The Metal And Mining Sector Want The Government To Expand Profit-linked Incentives To Include Capital-intensive Industries. However, 88 Per Cent Feel The Government Is Likely To Maintain A Protectionist Mindset, Promoting Indigenous Manufacturing. PTI | Updated on: 31 Jan 2018, 11:33:50 PM
New Delhi:
Ahead of the Budget, a survey has revealed that 87.5 per cent small and medium enterprises from the transport sector expect more projects to be announced such as Bharatmala road building programme, while 54 per cent of retail and e-commerce SMEs want a national retail policy.
Toyota joins hands with ACMA to share best practices with auto component firms businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.