Ashok Leyland Announces Non-Working Days At Factories In September
Hinduja Group’s flagship firm Ashok Leyland Ltd. announced non-working days at its various manufacturing facilities following weak demand.
Chennai-based heavy commercial vehicle major Ashok Leyland announced, in a stock exchange filing,16 days of non-working days for its facility in Ennore, five days at Hosur (Tamil Nadu) unit, 10 days each in Alwar (Rajasthan) and Bhandara (Maharashtra) unit and 18 days in Pantnagar (Uttarakhand) facilities.
The move by the company follows slowdown in the automobile sector that has forced many manufacturers and component suppliers to cut production and plan temporary plant closures.
Shares of Ashok Leyland fell 3 percent intraday to Rs 62 on the BSE.