Indian commercial vehicle manufacturer Ashok Leyland has declared🦹 five non-working days starting Friday in its Chennai plant amid auto sector slowdown, reported.
Workers a🍨t the Chennai plant received a communication from Ashok Leyland about the five-day holiday, sources told NDTV.
Sluggishness and contractio💖n in the commercial vehicle market have led to ♊the move by Ashok Leyland, company sources said.
Around 5,000 workers at the plant, including 3,000 con﷽tractual personnel will be affected due to the move sources said. The wages for non-working days will be dec♑ided later, they added.
The ♒development comes as the country's auto sector💮 is struggling against a slump in sales and lakhs of estimated job cuts.
Shares of Ashok Leylℱand on Wednesday fell over 4 per cent after the company reported a 47 per cent decline in total commercial vehicle sales at 9,231 units in August.
The company had posted sales of 17,386 units in the year-ago month, Aᩚᩚᩚᩚᩚᩚᩚ🐓ᩚᩚ𒀱ᩚᩚᩚshok Leyland said in a statement
Meanwhile, Union Minister Road Transport and Highways Nitin Gadkari on Thursday assured the crisis-hit automobile industry of all possible support from the government, including taking up the demand of GST reduct❀ion with Finance Minister Nirmala S🦋itharaman.
He also stated that the government had no intention to ban petrol and diesel vehicles, clearing the air after rumours were doing the round that the move to push e-mobi꧅lity will result in ඣend of the road for traditional petrol and diesel vehicles.
(With inputs from PTI)
