Industrial autos main Ashok Leyland on Tuesday introduced that its manufacturing vegetation shall be practical for less than 10 days within the month of June due to sluggish demand and lockdown in states the place its vegetation are located.
“Our vegetation are nonetheless not absolutely operational because of lockdown that’s ongoing within the states the place our vegetation are positioned. We anticipate the opening up bulletins by the respective state governments in a phased method, leading to impression of our operations within the month of June 2021 additionally,” the corporate knowledgeable in a regulatory submitting.
The business autos main stated that demand is but to select up because of lock down.
“In view of the above, we anticipate that our vegetation shall be operational just for 5-10 days, for the month of June 2021,” the corporate stated.
Final month, Ashok Leyland had introduced that it has curtailed manufacturing at its manufacturing vegetation because of fall in demand with the second wave of Covid-19 sweeping throughout the nation.
The corporate has fastidiously studied the demand state of affairs and efforts are being made to match the demand on the one hand, whereas being cognisant of the disruptions within the provide state of affairs, it stated.