ISUZU TO SHUT CHASSIS DIVISION PLANT AT ASRON, NAWANSHAH FACTORY FROM SEPTEMBER 16 TO 21
By D yadav
Date: Sep 15 , 2019
Chandigarh: Automobile sectors in India currently facing low demand challenge from the market. Passenger and commercial both are struggling with the low sales figure posted from dealer’s end. In this uncertain situation many manufactures have adopted zero-unit manufacturing for defined period.
Joining the industry SML Isuzu also announce the closure of the production for six days from September 16 to 21 at its manufacturing plant located at village Asron in district Nawanshahr to meet the challenges of falling demand for commercial vehicles and rising inventory levels.
As per the statement issued by the company It has been notified that “Due to continued low demand in the automobile sector, the company has decided to observe block closure (chassis division) for six days from September 16 to 21 at its manufacturing plant located at village Asron in district Nawanshah.
However, "In the bus body division, need-based production will continue," said the manufacturer of buses and trucks. SML Isuzu is a joint venture of Sumitomo Corporation and Isuzu Motors of Japan.
The automobile industry is facing a huge slump, nearly all manufacturers reported a slowdown in sales figure.
According to the Society of Indian Automobile Manufacturers (SIAM) in August, medium and heavy commercial vehicles sales were down 54.3 per cent at 15,573 units year-on-year while light commercial vehicles sales down 28.2 per cent at 36,324 units in the year-ago period.
Representatives of major automobile manufacturers have urged Finance Minister Nirmala Sitharaman to lower the Goods and Services Tax (GST) from 28 per cent to 18 per cent.