Top automakers plan production cuts amid crisis

Tata Motors and Mahindra and Mahindra said they would cut production in response to slowing demand that industry executives say has driven the sector into one of its worst downturns. M&M said it would cut production for 8-14 days during the Q2. Shares of these two companies fell between 1.8% and 2.4%. The slowdown has also triggered massive job cuts.

from Times of India https://ift.tt/33mPtov