India’s deepening car sales slump

India’s carmakers, suppliers and dealers have borne the brunt of a year-long liquidity squeeze that has triggered large-scale job losses


37 million People employed by auto industry
300,000 jobs lost, 1 million jobs at risk


India car sales (units, % change year-on-year) 	2018 	2019

	-1.9% 	-1.1% 	-3.0% 	-17.1% 	-20.5% 	-17.5% 	-31.0% 	-31.6%
300,000 
250,000 
200,000 
150,000 
100,000
50,000 
0
	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG
285,467
280,125
275,346
272,284
300,722
291,806
296,369
245,599
301,238
239,347
273,748
225,732
290,931
200,790
287,198
196,524
        

Source: Society of Indian Automobile Manufacturers 
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