TIL Desk/Business/Chennai/ Chennai-headquartered automaker Ashok Leyland has announced that it will shut down its production facility for five days from Friday due to contraction in the commercial vehicle market.
On Thursday, Leyland — also the countrys third-largest commercial vehicle manufacturer — said in a statement: “As already informed, due to continuing sluggishness and contraction in the commercial vehicle market, the need has arisen to continue the corrective actions to safeguard the interest of the company.
Hence, it has been decided to declare 06.09.2019, 07.09.2019, 10.09.2019 and 11.09.2019 as non-working days and 09.09.2019 as 6th-day non-working day.” In August 2019, Ashok Leyland reported a 50 per cent drop in vehicle sales to 8,296 units. Earlier on Thursday, Maruti Suzuki announced a two-day shutdown at its Gurugram and Manesar production units on September 7 and 9.
