The impact of slowdown in the auto industry on Tata Motors is visible as its Jamshedpur unit is going for third closure from August 16.
"The Tata Motors will remain closed for four days from August 16. Officially it will be two days block closure but technically it will be closed for four days," sources in Tata Motors on the condition of anonymity told IANS.
Tata Motors went for a day closure on August 1. It went for three block closure from August 8-10 and third block will be from August 16.
Sources in Tata Motors say there has been a sharp decline in purchase order of the vehicles from the Jamshedpur unit.
Last week it announced a block closure for three days starting today, 8 August, at its production plants in Pimpri (Pune) and Jamshedpur. This was being done to alogn its inventory as per current market demand.
On Tuesday, Tata Motors released its global wholesale numbers for July 2019. Including Jaguar Land Rover, sales were at 78,600, lower by 14%, as compared to July 2018.
Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in July 2019 were at 26,168 nos., lower by 35%, over July 2018.
Global wholesales of all passenger vehicles in July 2019 were at 52,432 nos., grew by 4%, compared to July 2018.
Global wholesales for Jaguar Land Rover were 41,783 vehicles (*JLR number for July 2019 includes CJLR volumes of 4,013 units). Jaguar wholesales for the month were 12,308 vehicles, while Land Rover wholesales for the month were 29,475 vehicles.
Mahindra and Mahindra (M&M) too, announced last week that it will be shutting down production for 8-14 days in its various plants during the ongoing July-September quarter.
According to the company, the decision has been taken to align its production with the sales requirements.
With IANS inputs