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The document discusses the cost-cutting measures that automobile companies in India have implemented during a period of falling demand in November 2008, including layoffs of temporary workers, reduced perks for executives, block closures at plants, cuts to production and investments, and tightened lending by finance companies. Major companies taking austerity actions included Tata Motors, Mahindra & Mahindra, Force Motors, SKF, and auto component makers. The overall industry was facing declines in sales and

Author

Tushar Dilip Dhekane

Language

EN