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NEW DELHI - The country’s largest automobile maker Tata Motors Nov 7 said it will shut down its commercial vehicle plants in Pune and Lucknow for six days during this month due to slump in demand. “There will be a block closure of our commercial vehicle plant in Lucknow on November 10-15 and that of Pune from November 21-26,” a company spokesperson said. The announcement comes after the company had announced shutting down of its heavy commercial vehicles hub at Jamshedpur for three days on November 6-8. The spokesperson said employees at the Lucknow and the Pune plants will be on paid leave during the period of plant shut down. Tata Motors’ move to temporarily close the plants comes in the wake of a decline in commercial vehicles demand in the country. According to Society of Indian Automobile Manufacturers data, the country’s commercial segment witnessed a fall in sales during September to 42,698 units, compared with 43,091 units in the same month last year. “As has been seen in the month of October, 2008, across the industry, unavailability of finance, coupled with high interest rates, is forcing customers to postpone purchases,” Tata Motors said in a statement. Different segments of the automobile industry have been impacted at different levels, it added. (PTI) Bookmark/Search this post with:
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