AIFI Opposes Increase in Steel Import Duty
THE AIFI reports that Indian manufacturers of both passenger and commercial vehicles have reduced production. Late last year, the industry shifted from six-day workweeks to four- or five-day workweeks. Suppliers of parts for heavy and medium commercial vehicles have been most affected by the downturn. In addition, reductions in export orders – especially to the U.S. and Europe – exacerbate the problem.