Frustrated by the Auto sector slowdown, companies are constantly taking measures like cutting production, reducing working hours. Now Ashok Leyland, the Hinduja Group’s auto company, has announced to shut down its plants for 5 to 18 days in September. The company has mention weak demand for this. The company is reducing working days in all its plants in the country.
The company has decided to stop functioning for the most part in Pantnagar (Uttarakhand) for 18 days. Apart from this, it has been decided to stop working for 10 days in Alwar, 10 days in Bhandara, 16 days in Ennore and 5 days in Hosur plant. The country’s auto industry is going through a bad phase. In the midst of the slowdown in the auto industry, more than 3000 temporary employees of Maruti Suzuki India have lost their jobs.
Ashok Leyland has also offered employees to leave the company. Let us know that due to the huge decline in production and sales, more than 2 lakh jobs have been lost in the auto sector since April.
Ashok Leyland mainly produces commercial vehicles. Total sales of the company declined by 47 percent to 9,231 commercial vehicles in August. In the same month last year, the company sold 17,386 vehicles. The company said in a statement that sales of medium and heavy commercial vehicles stood at 5,349 units in this month.
The auto industry is constantly going through bad times. The production and sales of vehicles have been witnessing a decline in the last 10 months. Continuation of decline in sales of cars and other vehicles has been going on for 10 consecutive months. Even in August, there has been a steep decline of 29 percent in car sales.
Also Read: Recession in auto sector: Maruti removes 1181 employees from job