Tata Motors to shut Jamshedpur plant for six days

Tata Motors on Friday said it will be shutting down its Jamshedpur plant, where it manufactures mainly heavy commercial vehicles, for six days from January 12 to January 17, the fourth block closure in three months.
    
"There will be a block closure at Tata Motors' Jamshedpur plant for commercial vehicles from January 12 to January 17," a company spokesperson PJ Singh said.

He said a recessionary trend in the economy, coupled with a continuing credit squeeze and high interest rates, have depressed customer sentiment.
   
"This calls 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 the dealers," Singh said.
    
The company has had three block closures at its Jamshedpur unit on November 6-8, November 25-29 and December 8-13. A heavy slump in demand for commercial vehicles had forced the company to undertake temporary block closures at its Pune and Lucknow plants as well. 

It had closed the Pune CV plant on November 21-26 and December 5-7 and December 29-31.  The Lucknow facility was also closed down on November
10-15 and December 1-4 last year.