Log has written
WEDNESDAY, FEBRUARY 15, 2012

New Delhi: The country’s largest automobile maker Tata Motors has said that it will shut down its commercial vehicle plants in Pune and Lucknow for six days during this month due to slump in demand.

“There will be a block closure of our commercial vehicle plant in Lucknow on 10-15 November and that of Pune from 21-26 November,” a company spokesperson said.

The announcement comes after the company had announced shutting down of its heavy commercial vehicles hub at Jamshedpur for three days on 6-8 November.

The spokesperson said that the employees at the Lucknow and the Pune plants will be on paid leave during the period of plant shut down.

Tags - Find More Articles On:
READ MORE ARTICLES BY:
blog comments powered by Disqus
Inflation at 2-year low; risks remain
Fall increases chances of monetary easing by RBI; analysts warn macroeconomic risks could reverse trend
Home, auto and personal loans see sharp fall in growth
The year-on-year loan growth to capital-intensive industries slowed to 19.8% between December 2010 and...
Banks oppose Irda norms on retailing policies
With banks starting their own insurance ventures, non-bank promoted insurers have been finding it difficult...
Tata Motors net profit up on strong JLR sales
The company’s profit soars 41% to a record high of Rs 3,406 crore in the three months ended December
RBI warns on bad loans, but says situation not alarming
Sinha said it will be more challenging for banks to find equity investors after the stricter capital...