Ashok Leyland's Plants To Be Functional Only For 10 Days In June Due to Poor Demand
Commercial vehicles major Ashok Leyland on Tuesday announced that its manufacturing plants will be functional for only 10 days in the month of June because of sluggish demand and lockdown in states where its plants are situated.
"Our plants are still not fully operational due to lockdown that is ongoing in the states where our plants are located. We expect the opening up announcements by the respective state governments in a phased manner, resulting in impact of our operations in the month of June 2021 also,"Â the company informed in a regulatory filing.
The commercial vehicles major said that demand is yet to pick up due to lock down.
"In view of the above, we expect that our plants will be operational only for 5-10 days, for the month of June 2021,"Â the company said.
Last month, Ashok Leyland had announced that it has curtailed production at its manufacturing plants due to fall in demand with the second wave of Covid-19 sweeping across the country.
The company has carefully studied the demand situation and efforts are being made to match the demand on the one hand, while being cognisant of the disruptions in the supply situation, it said.
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