Recession reports - TATA Motors Pune plant to be shut again
BS reported that the sharp fall in commercial vehicle sales has forced automobile giant TATA Motors to again shut its Pune plant for 6 days in December. The CV plant will be out of action from December 5th to 7th and again from December 26th to 28th 2008.
The report cited a top executive as saying that "The demand for commercial vehicles has gone down drastically following unavailability of finance. This has probably forced the company management to go for another 6 day block."
The spokesperson said that "The CV plant will be shut for three days between December 5 and 7 to begin with." Sources however confirmed that the plant would be shut again for three days beginning December 26th 2008.
The move follows a similar 6 day block at the CV plant between November 21st and 26th. With this development, the plant would be shut for 12 days in total during this calendar year, which is happening for the first time at TATA Motors Pune plant in the last 10 years.
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