Summary:
Sen says that many Chennai-based automobile majors are facing crunch including Ashok Leyland, TVS Motors, Hyundai among others. Centre of Indian Trade Unions (CITU) president of Tamil Nadu chapter A Soundarrajan told Express that most of the auto majors and auto component manufacturers have retrenched trainees and contract employees. B C Datta, vice-president of Hyundai, said Hyundai could go in for retrenchment like the other car-makers if the situation deteriorates. “Since the production is down by 10 per cent, it is affecting the auto component manufacturers,” says Datta. “Last year, Chennai Port exported 39,600 vehicles and this year, we had exported 57,500 vehicles,” he says..