Hit by sluggish market scenario, Tata Motors commercial vehicle plant at Jamshedpur has announced a nine working days suspension of work from December 23, 2013 to January 1, 2014. According to officials, December 29 will be treated as weekly off day as per the prevailing rules.
The plant, with over 11,000 permanent and non-permanent workforces, which produces trucks, trailers, trippers and other multi axel vehicles, would remain closed. Meanwhile, a press communiqué issued by PJ Singh, spokesperson, Tata Motors said, “As stated earlier, this is to match the production with demand and avoid unnecessary build up of inventories in the company or with dealers”.
Meanwhile, the Adityapur industrial area, which is one of the largest industrial belts in Asia, is feeling the pinch of the slow down. Vendors and its auto auxiliary units in the region, totalling almost 2000, are facing perhaps their toughest challenge yet, with orders coming down to a mere trickle, even as principals such as Tata Motors have drastically cut production to tide over tough times.