August 29, 2013 / 22:44 IST
A three-day block closure in Tata Motors Jamshedpur plant here has begun from today. Keeping in view the prevailing economic scenario, we have taken appropriate action time to time to match production with demand, company sources said.
The closure, which will be observed from August 29-31, was aimed to prevent unnecessary build up of inventory in the company as well as at dealers end, sources said.
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Auto slowdown not to put brakes on Tata Motors' capex plansThe block closure will be followed by a Sunday, which is a holiday, sources said. A circular in this regard was issued in the company last week. General Secretary of Telco Workers Union (TWU) Chandrabhan Singh said the economic slow down and slump in demand of heavy commercial vehicle was the reason behind the company's decision.
"We had produced around 6,000 units of heavy commercial vehicles last month whereas the number was less in the current month, Singh said.
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