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Comments Off on Automotive Industry Structural Adjustment Programme

The year 2016 should have been the third year of consecutive growth for the Indian automotive industry, but conditions in the country did not allow it. A ban on large-engine diesel vehicles in Delhi, a change in emission norms, several vehicle recalls, new recycling regulations and the demonetisation campaign of the government hit the sector — where most transactions are made in cash — hard. In line with this goal, the companies that have invested in our country need to increase their capacities and also draw new main industry investments into the country. Up until the mid-1980s, auto assemblers employed the majority of those workers, but from then on the employment share for automotive parts suppliers in the United States has consistently been greater than the share of workers at assembly plants. The average manufacturing job in the automotive sector pays 60 percent more than the average U.S. job.

While …