Jamshedpur : Hit by sluggish market scenario Tata Motors commercial vehicle plant at Jamshedpur has announced a nine working days suspension of work from December 23, 2013 to January 1, 2014. Sunday, December 29 will be treated as weekly off day as per the prevailing rules.
The plant, with over 11000 permanent and non-permanent workforces, which produces trucks, trailers, trippers and other multi axel vehicles, would remain closed.
A press communiqué issued by P J Singh, spokesperson, Tata Motors said: “As stated earlier, this is to match the production with demand and avoids unnecessary build up of inventories in the company or with dealers”.
Meanwhile, the Adityapur industrial area, which is one the largest industrial belts in Asia, is feeling the pinch of the slow down. Vendors and auto ancillary units in the region, totalling almost 2000, are facing perhaps their toughest challenge yet, with orders coming down to a mere trickle, even as principals such as Tata Motors have drastically cut production to tide over tough times.
“We are facing tough time because of the market slow down.
The market conditions are not favourable. In place of three shifts, the (ancillary) units are operating one shift a day during the last three weeks and we do not expect any sign of improvement in the near future,” said an official of Adityapur Small Industries Association (ASIA).
It may be noted that the sprawling Adityapur Industrial Area houses 1100 units- including 11 large-scale, 64 small scale and 166 tiny industries.
A few important industries that have global presence are Usha Martin Group, RSB Group, Tata Steel Growth Shop (TGS) etc., too situated in this industrial belt, situated in Seraikela-Kharsawan.