Slump in demand may prompt Tata Motors to take a five-day block closure at its plant here from September 26, sources said.
This will be the third block closure for Tata Motors in less than a month after it had observed a three-day block closure from August 29-31 and again a two-day block closure last week.
"Keeping in view the prevailing economic scenario, we have taken appropriate action from time to time to match production with demand," company sources said.
The closure will be observed from September 26 to October 1 (not taking into consideration September 29 which is a Sunday).
Work will resume on October 3, after another holiday on October 2, sources said.
The five-day block closure is aimed at preventing unnecessary build-up of inventory at the company, as well as at dealers end, sources said.
A circular in this regard was issued in the company today, sources added.
General Secretary of Telco Workers Union (TWU), Chandrabhan Singh said the economic slowdown and slump in demand of heavy commercial vehicle was the reason behind the company's decision.
"We had produced around 3,200 units of heavy commercial vehicles till day this month," Mr Singh said.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
