Ashok Leyland joins the club of ‘No Production Days’ as its August sales fall by 50%
- The company has announced non-working days for 5 of its manufacturing plants “due to continued weak demand”.
- The number of non-working days in a plant is as high as 18 days.
Maruti Suzuki, Mahindra & Mahindra, Tata Motorsand Hero Motocorp had all announced no production days owing to the weak demand.
AdvertisementAshok Leyand is the latest auto manufacturer to announce a production cut. The company said that five of its manufacturing plants have non-working days “due to continued weak demand”.
Its plants in Ennore, Hosur and CPPS, Alwar, Bhandara and Pantnagar will have many holidays in September. The number of non-working days in a plant being as high as 18.
The truck manufacturer isn’t the only one to cut production. In fact, the company joins a long line of automakers – Maruti Suzuki, Mahindra & Mahindra, Tata Motors and Hero Motocorp –who announced no production days.
In August, Tata Motors’ sales declined by 58%, Maruti Suzuki’s fell by 33%, Mahindra & Mahindra’s fell by 25% while Honda’s fell by 51%.
Passenger vehicle sales in India saw their worst ever month, registering its worth ever month in the last two decades.
The first quarter results of most auto companies were equally dismal as their revenues and profits both fell.
Auto sales in August see highest ever de-growth in 19 years as it drops 18.7%
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