Tata Motors Jamshedpur plant to be closed for six-days
Facing the impact of the prevailing global economic slowdown, Tata Motors commercial vehicle plant at Jamshedpur would be closed for six-days to match the production with demand.business Updated: Jan 09, 2009 15:38 IST
Facing the impact of the prevailing global economic slowdown, Tata Motors commercial vehicle plant at Jamshedpur would be closed for six-days from January 12 to January 17 to match the production with demand, company sources said in Jamshedpur on Friday.
It will be the fifth time that the plant would be closed due to slump in demand since November 6.
Earlier, the plant was closed between November 6-8, November 25 to 29, December 8-13 and December 28-31 last.
The company Spokesman P J Singh said that the continuous unavaibility of finance coupled with high interest rates right across the industry was forcing the customers to postpone purchases.
"This calls for appropriate action from Tata Motors from time to time to match the production with demand and avoid unnecessary build up of inventories in the company or with the dealers," Singh said.
This closure January 12 to 17 was in line with the objective, as in the case of previous closures, he said.