Amid auto slump, components sector sees 8-10 lakh job cuts

25 july 2019 Amid auto slump, components sector sees 8-10 lakh job cuts https://lnkd.in/feh-MmF ================================= This is the one undesirable / inevitable " side effects " of wanting to change over to Electric Vehicles - loss of jobs in the Auto Industry, which , together with auto-component companies, employs some 250 lakh persons ( direct + indirect ) This is because , an EV has some 20 components only as against close to 2,000 in a Petrol / Diesel vehicle ! It is obvious that , in the years to come, there will be very few EV component manufacturing companies as compared to today ! And most of those will be highly automated, needing very few workers ( only way to survive and grow ? ) I cannot escape the feeling that neither the Central Govt ministries ( Transport - Heavy Industries - MSME etc ] / NITI Aayog / Auto Industry etc have developed an ACTION PLAN to tackle this serious problem, other than mouthing , oft-repeated, " We need to re-skill these workers " ! I urge Ministers concerned to consider my following suggestion : Car Grave-Yard of World ? [ 14 Feb 2018 ]