Automobile industry body SIAM has said that it expects passenger vehicle sales to slow to single-digits mainly due to falling demand. But the surprise is that it expects commercial vehicle sales to remain on a strong footing. And of course, in the middle of all this, we have a spate of labour unrest at auto units across the country.
S Sandilya, chairman of the Eicher Group and president of SIAM joins CNBC-TV18 to give his opinions on the labour situation in the country. Below is an edited transcript of his interview. Also watch the accompanying videos. Q: How concerned is the industry with regards to the labour unrest, not just at Maruti, but across various units? Is there an acknowledgement on the part of the industry that perhaps the principal of equal work for equal pay is not being followed? A: From the labour unrest point of view, what is happening the industry is not is not a welcome situation at all. Obviously, the Society of Indian Automobile Manufacturers (SIAM) is concerned about their developments. I cannot comment on the individual companyDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
