Business

Ashok Leyland's production has been affected owing to lockdown in many statesCommercial 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,"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,"the company said.Last month, Ashok Leyland had announced that it has curtailed production at its manufacturing plants due to fallin demand with the second wave of Covid-19 sweeping across the country.The company has carefully studied the demand situationand efforts are being made to match the demand on the one hand, while being cognisant of the disruptions in the supply situation, it said.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Adani Group Posts Stellar 2024-25 Performance; EBITDA Hits All-Time High


Indian Economy Remains Resilient Amid Trade Tensions, Policy Uncertainty: RBI Report


Sensex Tanks 720 Points In Early Trade, Nifty Down 220 Points


Sensex Jumps 800 Points, Market Bounce Back On Buying Bank Stocks


India Well-Positioned To Deal With Negative Effects Of US Tariffs: Moody's


Sensex Up 267 Points, Market Bounce Back On Buying In Bank Stocks


Piccadily Becomes The 1st Indian Alcobev Company To Adapt NFC Technology To Combat Counterfeiting


[Business] - Filing Guide And Full List Of Deadlines


Stock Market Opens Flat Amid Mixed Global Cues


Sensex Falls 231 Points, Nifty Downs 49 Points Amid Mixed Global Cues


Adani Defence, Sparton Sign Deal To Make Anti-Submarine Sonobuoys In India


Sensex Jumps 1,000 Points, Nifty Breaches 25,000 After Trading Flat Till Noon


Wholesale Inflation Falls To 0.85% In April


UnitedHealth CEO Andrew Witty Suddenly Steps Down Deepening Crisis


Sensex Up 281 Points As Retail Inflation Drops To 6-Year Low In April


Sensex Slips 1,000 Points A Day After Record Rally, Nifty Down 200 Points


Sensex, Nifty Clock Best Single-Day Rally In 4 Years After Ceasefire Deal


Adani Power Wins Contract To Supply 1,500 MW Electricity To Uttar Pradesh


Midcap Stocks Effects Amid Mixed Global Cues