Tata Motors to shut down production for 5 days in Jamshedpur

Tata Motors to shut down production for 5 days in Jamshedpur

Automaker Tata Motors has said that they are shutting down production at their plant in Jamshedpur for five days.

The company had did something similar last month to slow down production as the demand in the market is low.

Tata said that the plant would remain closed between Nov 25-29.

Tata Motors added: “Across the industry, it has been seen in the month of October 2008 that unavailability of finance coupled with high interest rates is forcing customers to postpone purchases. The sales slowdown witnessed would call for appropriate action from Tata Motors from time to time to match the production with demand and avoid unnecessary build-up of inventories in the company or with its dealers.”