Chennai automakers halt production effect paycut

first_imgChennai: Automakers in Chennai have announced pay-cuts, and some of them have even decided to stop production temporarily owing to continued weak demand for its products. The Hinduja Group flagship firm Ashok Leyland is the latest to the bandwagon of automobile companies which had announced halting production. On Monday, the heavy vehicle company announced that it has decided to halt production for 59 days at its various plants across India. In Tamil Nadu, the company has decided to suspend the production for 16 days in Ennore and five days at Hosur. Chennai, popularly referred to as the ‘Detroit of Asia, accounts for close to 33% of auto parts production in the country. As the entire country is staring at a deep-rooted slowdown, in the last three months, automobile giants in the city like Ashok Leyland, Apollo Tyres, Daimler, TVS Groups, Nissan, Royal Enfield, etc. have cut down on the number of working days and reduced the strength of contractual employees.last_img read more