Auto Citing potential job losses and pay cuts, Indian auto components makers seek immediate support from govt Updated : May 13, 2020 06:24 AM IST Jain said the government needs to announce measures to motivate consumes to come back to showrooms and start to purchase once again. At its worst, Jain said the auto industry is staring at a contraction of 50 percent over the next two years. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.