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.
Chair hurled at Union Minister of State V. Somanna during public event in Koppal
Koppal: Tension prevailed for a brief period at Hitnal village in Koppal taluk on Monday after a chair was allegedly hurled at Union Minister of State for Railways and Jal Shakti, V. Somanna, during a public function.
The incident occurred when Somanna was attending the foundation stone–laying ceremony for a railway flyover near Hitnal village.
According to reports, a group of Congress workers expressed anger over the alleged exclusion of Koppal MP K. Rajashekar Basavaraj Hitnal and District In-charge Minister Shivaraj Tangadagi from the invitation list for the program. During the incident, a chair was reportedly thrown, but the Minister was unharmed as his security personnel intervened in time.
Following the incident, chaos ensued at the venue for some time, with protesters allegedly throwing chairs and staging a demonstration in front of Somanna’s vehicle, accusing the organisers of violating protocol.
The railway flyover project, being taken up for Rs 27 crore, connects the Hitnal–Munirabad–Ginigera stretch.
Reacting to the incident, Somanna said the project was fully funded by the Central government and denied any breach of protocol. “There was no violation of etiquette related to the programme. The disturbance was created intentionally,” he said.
