Tata Motors shuts down Jamshedpur unit
Tata Motors decided to shut down its Jamshedpur unit, the mother plant for its commercial vehicles, for three days due to slump in demand.
Tata Motors is taking a block closure at Jamshedpur from November 6 to November 8, 2008, to match production with demand of vehicles produced at the Jamshedpur plant to avoid build-up of inventory either in the company or with our dealers.
Lack of auto financing has hit sales of commercial vehicles in the domestic market.
In October, Tata Motors reported 29% decline in commercial vehicles sales at 19,154 units, against 27,103 units in the same month last year.