India's Jamna Auto falls on plant shutdowns amid industry-wide crisis

Gabriel India

09/08/2019 06:25

** Shares of Jamna Auto Industries Ltd  JMNA.NS  fall as
much as 8.5% to 36.5 rupees
    ** Co might shut all its plants in August due to weak demand
from its customers, the maker of springs used in vehicle
suspensions said on Thursday, underscoring the extent of a
slowdown in the auto sector  urn:newsml:reuters.com:*:nFWN2540V4
    ** India's auto sector is facing a downturn, which industry
executives say is the worst affected, triggering massive job
cuts and factory shutdowns  urn:newsml:reuters.com:*:nL4N2524GX
    ** Up to last close, stock down 38.5% this year, while peer
Gabriel India Ltd  GABR.NS  fell 31%

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))