During the last few weeks, medium & heavy duty commercial vehicles market has been facing problems of inadequate funding and high interest costs. Consequently, market demand has come down. Taking into account the inventory in pipeline and the suppressed market demand, Ashok Leyland has decided to moderate the production plan for the next two months. This decision has also been partially influenced by the problems encountered by the suppliers as a result of power shortage in some parts of the country. Ashok Leyland's manufacturing plants, will work 3 days a week, until December 08.
The company made this announcement during the trading hours today, 06 November 2008.
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