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Hinduja group's flagship, Ashok Leyland on Friday, 1 November announced non-working days ranging from 0-12 days in November to adjust production in line with market demand.
In a BSE filing on Friday, the company said, "We hereby inform you that in order to align production in line with the market demand for our products, the company proposes to observe non-working days ranging from 0-12 days during the month of November."
According to a data from SIAM (the Society of Indian Automobile Manufacturers), passenger vehicle sales dropped by 23.69 percent in September making it as the 11th consecutive month of decline in vehicle off-take.
In the April-September period this fiscal, total domestic CV sales slumped by 22.95 percent to 3,75,480 units as against 4,87,319 units in the year-ago period.
Shares of Ashok Leyland ended at Rs 75.90 apiece down by 1.04 percent over the previous close on the BSE.
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