+
Ashok Leyland reduces production amid second wave of Covid-19
ROADS & HIGHWAYS

Ashok Leyland reduces production amid second wave of Covid-19

Automobile manufacturing major Ashok Leyland has scaled down production across its plants in India on the back of reduced demand amid the second wave of Covid-19 in the country.

In a regulatory filing, Ashok Leyland said that after studying the demand situation, the company is making efforts to match the demand and also being cognizant of the supply disruptions.

At the same time, the company would continue to meet the requirement of defence vehicles and also ensure support of essential parts and aggregates for commercial vehicle portfolio, ensuring the movement of essential goods and services, the Chennai-based company noted.

With a surge in Covid-19 cases across the country, various auto companies have either taken a temporary break from production for a few days or have scaled-down manufacturing to adjust inventory with a dip in demand.

The company, which is the second-largest commercial vehicle maker in the country, noted that it is committed to the wellbeing of its personnel, their families and the extended ecosystem, including customers, dealers and suppliers.

Ashok Leyland said its emergency team and a high-level task force responsible for managing the Covid-19 related protocols have revisited all the standard operating procedures and ensured implementation of the same.

Vaccination of employees and families is being monitored and enabled through vaccination camps across all facilities, it added.

Image Source


Also read: Covid-19 second wave: Corporate firms in Gujarat shut headquarters

Automobile manufacturing major Ashok Leyland has scaled down production across its plants in India on the back of reduced demand amid the second wave of Covid-19 in the country. In a regulatory filing, Ashok Leyland said that after studying the demand situation, the company is making efforts to match the demand and also being cognizant of the supply disruptions. At the same time, the company would continue to meet the requirement of defence vehicles and also ensure support of essential parts and aggregates for commercial vehicle portfolio, ensuring the movement of essential goods and services, the Chennai-based company noted. With a surge in Covid-19 cases across the country, various auto companies have either taken a temporary break from production for a few days or have scaled-down manufacturing to adjust inventory with a dip in demand. The company, which is the second-largest commercial vehicle maker in the country, noted that it is committed to the wellbeing of its personnel, their families and the extended ecosystem, including customers, dealers and suppliers. Ashok Leyland said its emergency team and a high-level task force responsible for managing the Covid-19 related protocols have revisited all the standard operating procedures and ensured implementation of the same. Vaccination of employees and families is being monitored and enabled through vaccination camps across all facilities, it added. Image Source Also read: Covid-19 second wave: Corporate firms in Gujarat shut headquarters

Next Story
Infrastructure Energy

UERC Rejects Pleas Over Cancelled 200 MW Solar Awards

The Uttarakhand Electricity Regulatory Commission (UERC) has rejected review petitions filed by 12 solar developers against the cancellation of Letters of Award (LoAs) issued under the state’s 200 MW Solar Programme.The scheme, launched by the Uttarakhand Renewable Energy Development Agency (UREDA) under the 2013 solar policy, aimed to help Uttarakhand Power Corporation Ltd (UPCL) meet its renewable purchase obligations through tariff-based competitive bidding.The projects—classified under the Type I category—had original commissioning deadlines in 2019–2020, later extended multiple ti..

Next Story
Infrastructure Energy

Solarium Wins Rs 266 Million Rooftop Solar Orders

Solarium Green Energy has secured two significant work orders valued at a combined Rs 266 million for rooftop solar projects across various locations in the Northeastern States, under the Ministry of Home Affairs.The first order, worth approximately Rs 129.8 million, was awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of a 3,319 kW rooftop solar photovoltaic (PV) project. This was tendered under the NVVN’s “Selection and Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (51–200 kW) across India”. The project is scheduled ..

Next Story
Real Estate

Omaxe Secures Rs 5 Billion From Oaktree For Expansion

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indor..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?