|

情報

    ホームページ   >     業界    >     正文

    Why is India's car industry in breakdown mode?

    要約:Media playback is unsupported on your device Media captionWhat cars and underwear say about India's

      Media playback is unsupported on your device

      Media captionWhat cars and underwear say about India's slowdown

      India's second-biggest manufacturer of commercial vehicles, Ashok Leyland, is suspending production at several units from five to 18 days in September, triggering fears that the slump in the automotive sector shows no sign of letting up. The BBC's Nitin Srivastava reports.

      Ram Mardi is worried he may lose his job. He works for a company that makes spare parts for cars and heavy vehicles in Jamshedpur, an industrial city in eastern India. But he has worked only 14 days in August.

      “We had a comfortable life until recently. Now, it's hard to arrange food or pay for the children's education,” Mr Mardi says.

      The factory he works at temporarily suspended production for half of the month to reduce inventory in the face of shrinking demand.

      Industry heavyweights such as Maruti, Tata Motors and Mahindra & Mahindra have all announced production cuts over the past several months.

      Image copyrightGetty ImagesImage caption

      India's automotive industry employs some 35 million people

      India's economy is facing a slowdown. It grew at 5% in the quarter ending June 2019 - its lowest in five years. This - along with a drop in private investment and a banking crisis that has made it hard to access credit - has weakened consumer demand.

      The Indian government is also pushing for a transition to electric vehicles over the next decade, which some experts believe, has contributed to falling vehicle sales.

      As the automotive industry declined for the 10th month in a row in August, car sales dropped by 41% - the steepest fall in two decades.

      The industry is one of India's biggest, considering it employs some 35 million people, directly or indirectly, and contributes more than 7% to the country's GDP.

      By some estimates, more than 100,000 workers, many of them contractual, have lost their jobs so far. Now fears are rising that if demand continues to fall, forcing lower production, more jobs could disappear.

    •   Viewpoint: How serious is India's economic slowdown?

    •   What is really happening with India's economy?

    •   India's next government will have a growth problem

      Small and medium businesses - thousands of ancillary units that supply to the big manufacturers - have been hit the hardest. And daily wage labourers such as Mr Mardi are the most vulnerable.

      And employers are also concerned. “I have never had so much trouble keeping my factory up and running”, says Sameer Singh, who heads a family-owned business in Jamshedpur that makes spare parts for vehicles.

      “My employees are jobless for a few weeks and I feel for them. If this continues they may move out, perhaps find another job. But I can't even look out for a job. My life starts and ends here”.

      Mr Singh says its also been hard for business owners, companies and consumers to borrow money because banks have tightened credit lines after a spike in bad loans in recent years dented their balance sheets.

      Image copyrightGetty ImagesImage caption

      Car sales in India have dropped to their lowest in 20 years

      “The fall [in production] is so large and so dramatic that it has affected every single product - two-wheelers, car, commercial vehicles,” says Sanjay Sabherwal, member of the Automotive Component Manufacturers Association of India, an industry body.

      Auto executives have been demanding tax cuts and easier access to financing for manufacturers, sellers and consumers. The government recently announced a slew of measures - this includes a delay in increasing the registration fees for new vehicles and asking banks to lower interest rates on loans for cars and two-wheelers.

      But, will that be enough? That is hard to say with experts calling this the worst downturn to ever hit India's automotive industry.

    Japanese Yen

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    現在のレート  :
    --
    金額を入力してください
    Japanese Yen
    両替できる金額
    -- United States Dollar
    リスク提示

    外為天眼データは各國の外為統制機構のオフィシャルデータから入手しており、例えばイギリスFCA、オーストラリアASICなど、公佈されている內容はすべて公正、客観と事実を主旨とし、外為取引プラットフォームより宣伝費、ランキング費用、データ改ざん費用などの費用がありません。外為天眼は最大努力で、データを各統制機構などの権威データとの一致性と同期性を維持しますが、リアルタイムに一致性と同期性を承諾しません。

    外為業界の複雑性により、個別な外為取引商が詐欺手段により統制機構から合法登録を入手するのを排除しません。外為天眼で公佈しているデータが実際の狀況と異なる場合、外為天眼の“クレーム”と“修正”機能で、おしらせください。我々は速やかに確認し、関連結果を公佈します。

    外為、貴金屬とOTC場外取引はレバレッジ製品であり、リスクが高く、あなたの投資資本金が損失する可能性があり、理性的に投資してください。

    特別注意事項:外為でリストしている情報は參考のみであり、投資アドバイスではありません。外為プラットフォームは顧客自ら選び、プラットフォームによるリスクは外為天眼と関係がなく、顧客は自ら関連の結果と責任を負擔すること。

    ×

    國/地域を選んでください