November 22, 2024 14:50 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi bestowed Dominica's highest award at India-CARICOM Summit | 69-year-old Delhi man, a St. Stephen's alumnus, arrested for conning govt officers by posing as ex-IPS | 'Baseless': Adani Group denies US charges of bribery and fraud against Gautam Adani | AAP's first list of candidates for Delhi polls feature six turncoats | PM Modi is incapable to arrest Gautam Adani: Rahul Gandhi after tycoon charged with bribery and fraud in the US
Ashok Leyland announces five non-working days at Chennai plant
Wikimedia Commons

Ashok Leyland announces five non-working days at Chennai plant

| @indiablooms | 06 Sep 2019, 04:02 am

New Delhi, Sept 6 (IBNS): Indian automobile major Ashok Leyland on Friday declared  five non-working days at its plant in Chennai, media reports said.

Workers at the commercial vehicle maker's Chennai plant received a communication from Ashok Leyland about the five-day holiday, sources told NDTV.

Sluggishness and contraction in the commercial vehicle market has led to the move by Ashok Leyland, company sources told the news channel.

The company made the announcement at a time when the country is witnessing a slump in sales in the auto sector.

The five days of no production will impact around 5,000 workers at the plant, including 3,000 contractual personnel, sources told NDTV.

Rajan Wadhera, President,  Society of Indian Automobile Manufacturers (SIAM) recently said sales report coming out from various companies for the month of August 2019 has been very dismal with over 30% erosion of sales for Passenger Vehicles.

"The Commercial Vehicle and Two wheeler sales are also significantly negative indicating that the market has still not responded to the various measures initiated by the Hon’ble Finance Minister last month," he said.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.