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Ashok Leyland declares non-working days for up to 15 days in October

05 Oct 2019 Evaluate

Ashok Leyland has declared the non-working days at various plant locations for up to 15 days during the month of October 2019. The company's plants at various locations will be observing non-working days ranging from 2-15 in October in order to adjust production to market demand.

The company's move comes in the wake of slowdown in the domestic automobile industry, forcing automobile companies to take production cuts in order to reduce inventory at dealerships.

Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.

Peers
Company Name CMP
Tata Motors 428.15
Ashok Leyland 149.35
Force Motors 16950.00
Olectra Greentech 1083.65
SML Mahindra 6087.35
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