India autos slash jobs and showrooms as sales drop 31% in July

Credit crunch triggers nine straight months of decline

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Workers assemble a Tata Tiago car inside the Tata Motors car plant in Sanand, on the outskirts of Ahmedabad, India. © Reuters

ROSEMARY MARANDI and KIRAN SHARMA, Nikkei staff writers

MUMBAI/NEW DELHI -- Indian automakers have cut about 345,000 jobs in recent months as showrooms have closed and passenger car production has been slashed amid the industry's worst slump in nearly two decades.

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