U.S. Auto Slowdown to Hit Indian IT Companies

TCS, Wipro, Infosys, and Satyam Computer Services could be hit by delayed payments and a freeze in contracts as Detroit's Big Three carmakers fight for survival

The slowdown in the US automobile industry is likely to impact the growth of select Indian IT companies. Some Indian companies such as Satyam Computer Services, TCS, Wipro and Infosys could be hit by delayed payments and a freeze in contracts as their major customers in the auto sector face threat of bankruptcy, according to analysts.

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