Strategies for automotive component manufacturers to manage the downturn effectively.
The Indian automotive industry is in the midst of a deep slowdown. The passenger vehicles (PV) sector is most affected after witnessing consistent growth over the last 8–10 years. Through this point of view, the automotive sector practitioners at KPMG in India recommend the strategies to best utilise this time to control, consolidate and collaborate to drive cost effectiveness and operational efficiencies. Our practitioners suggest to use this period to reskill and upskill talent in order to be ready to sweep the market when the time turns.
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