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.
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Bengaluru: A special court here has granted the Enforcement Directorate five days custody of Kannada film actresses Ragini Dwivedi and Sanjjanaa Galrani and three others, who were arrested in a drugs case.
Dwivedi, Sanjjanaa, Rahul Thonse, party organiser Viren Khanna and B K Ravishankar, whose custody ED has sought, are accused of not only consuming drugs but also supplying them in parties through the drug peddlers.
In its submission to the NDPS (Narcotic Drugs and Psychotropic Substances) Special Court, the ED said the preliminary inquiry of the money laundering investigation revealed a huge amount of proceeds of crime in money laundering activities.
"If such proceeds of crime involved in money laundering are not attached or confiscated immediately, the objects of the Act shall be defeated," the ED said in its submission.
The ED said to unearth or trace the properties, which are acquired by the accused "by way of extortion, killing, dealing of drugs etc, recording written statements from the accused person is essential to know the details of properties purchased and investments made out of the proceeds of crime."
Meanwhile, a Nigerian drug peddler Ossy, who was reportedly supplying drugs to bigwigs involved in the drugs case, has been arrested, a Central crime branch official said.
According to police, he is allegedly an associate of Simon, another Nigerian drug peddler already arrested.
Police seized some synthetic drugs from his possession, the police said.
The police have arrested 15 people in connection with the case while many others are at large.