INSUBCONTINENT EXCLUSIVE:
suspensions, said on Thursday it might shut all its plants in August due to weak demand from its customers, underscoring the extent of a
slowdown in the auto sector.The company, one of India's largest makers of tapered leaf springs and parabolic springs for automobiles,
joins a growing list of auto components manufacturers, including Bosch Ltd and Wabco India Ltd, that have trimmed production amid a demand
slump.India's auto sector is facing a downturn, which executives say is the worst suffered by the industry, triggering massive job cuts
and factory shutdowns.Initial estimates suggest that automakers, parts manufacturers and dealers have laid off about 350,000 workers since
April, a senior industry source told Reuters earlier this week.New Delhi-based Jamna Auto's customers include General Motors Co, Toyota
Motor Corp and Tata Motors Ltd, India's largest automaker by revenue, according to the company's website."In view of the weak customer
schedule and high inventory, the company has made changes in production schedule at all its plants
The plants may not run or partially run on all working days in August," Jamna Auto said in a filing to the exchanges.The company has nine
manufacturing facilities across the country.Get Breaking news, live coverage, and Latest News from India and around the world on
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