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Ashok Leyland declares no-working day in 5 factories
Ashok Leyland that has witnessed dip in the sales to the tune of 47% (YOY basis) has drawn plans to curtail production by declaring 'non working days' ranging from 1 to 18 days across the nation during Sep '19.
Ashok Leyland on Monday declared a 'no-working day' for five of its factories across India, days after it reported a sharp drop of 47 per cent in its sales for the month of August.
The commercial vehicle major said that "due to weak demand of our products" the company will see "non-working days" at various plant "locations during September 2019".
At Ennore in Chennai, the number of non-working says would be 16, at Hosur 1, 2, CPPS it would be 5 while at Alwar, Rajasthan it would be 10.
At Bhandara, Maharashtra the number of non-working days will be 10, while for Pantnagar in UP, it will be 18.
In a statement issued earlier, the company said that it sold a total of 9,231 units in August, down from 17,386 units sold during the corresponding month in 2018.
The company's sales of goods carriers -- light, medium and heavy trucks -- came down to 7,432 units last month from 15,945 units sold in August 2018.
On the other hand, bus sales last month went up to 1,799 units from 1,441 units sold in August 2018.