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Due to Weak Industry Demand, Ashok Leyland Temporarily Closes Its Pantnagar Manufacturing Plant

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Commercial vehicle maker Ashok Leyland said that owing to “weak demand and outlook for the industry”, it will close its Pantnagar (Uttarakhand) plant for eight days.

“The Company’s Plant situated at Pantnagar will remain closed from July 16, 2019 to July 24, 2019 (both days inclusive), owing to weak demand and outlook for the industry,” Ashok Leyland said in a regulatory filing.

Around every important automobile manufacturing plant, there are thousands of MSME vendors who work with that specific automaker. With this move of Ashok Leyland, it can be estimated that for the next few days, MSMEs around Pantnagar and Rudrapur region which are operating in the automobile segment will have a lean period of work.

 

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