Ashok Leyland to halt production for up to 15 days in October
New Delhi: After its sales witnessed a major slump in August and September, commercial vehicles major Ashok Leyland on Friday said non-working days for all its plants may range between two to 15 days in October.
Sales of commercial vehicles have been declining since July and Ashok Leyland, one of the largest manufacturers of commercial vehicles, reported a reduction of at least 50 per cent in its sales numbers in September as compared to the same period in 2018.
"We hereby inform you that to align our production in line sales, the company's plants at various locations will be observing non-working days ranging from 2-15 days during the month of October 2019," Ashok Leyland said in a statement filed with the National Stock Exchange (NSE) on Friday.
The company had been announcing non-working days since August citing continuation of sluggishness and contraction in the commercial vehicle market.
The company maintains that the proposed shutdown is part of “corrective actions” are being taken to safeguard the interests of the company.
The decision by Ashok Leyland came days aer the company released its sales figures for the month of September that reported a 50 per cent drop.
Courtesy: www.deccanherald.com
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
K Sanjay Murthy sworn in as comptroller and auditor general
New Delhi (PTI): Former Higher Education Secretary K Sanjay Murthy was sworn in as the Comptroller and Auditor General (CAG) of India by President Droupadi Murmu on Thursday.
Murthy, a 1989 batch Indian Administrative Service (IAS) officer of the Himachal Pradesh cadre, succeeds Girish Chandra Murmu.
Murthy was named the new CAG by the Centre on Monday. Girish Chandra Murmu completed his tenure as the CAG on Wednesday.
"At a ceremony held today at 10 am in the Ganatantra Mandap, Rashtrapati Bhavan, K Sanjay Murthy was sworn in as the Comptroller and Auditor General of India. He made and subscribed to the oath of office before the President," the President's office said in a statement.
Vice President Jagdeep Dhankhar, Education Minister Dharmendra Pradhan, and Commerce and Industry Minister Piyush Goyal, among others, were present at the oath-taking ceremony.
