The Union government on Monday dismissed the suggestion that the automobile sector is under stress and that there is a threat of job loss.
Replying to a supplementary question in the Rajya Sabha, Minister of State for Heavy Industries Arjun Ram Meghwal said, “I want to clarify that the automobile sector is going through a transitional phase — from BS IV to BS VI by April 1, 2020. This is the deadline set by the Supreme Court.”
“So the concerns being expressed are over something that is cyclical. We also have to move towards electric vehicles. There is no reason to worry. No jobs are in danger, and the government has taken all required measures for improvement after speaking to stakeholders,” he added.
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In a written reply, Union Heavy Industries Minister Prakash Javadekar said no closure of any automobile or ancillary manufacturing units has been reported in the past three years.
Source: The Indian Express