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CHENNAI: Auto-component maker Sundaram- Clayton Ltd on Friday said it has declared three days as non- working days following the business slowdown in the automobile industry.
“The company’s major plants have declared December 28, 30 and 31 as non-working days due to business slowdown across sectors”, the city-based TVS Group company said in a filing to the stock exchanges.
Several automobile firms, including Maruti Suzuki India Ltd, Hero MotoCorp Ltd had also announced non-working days for their factories in the past due to the slowdown in the automobile sector.
Early this month, commercial vehicle manufacturer Ashok Leyland had declared non-working days in a few plants to align production at its facilities in line with market demand.
Shares of Sundaram-Clayton Ltd were trading at Rs 2,050 apiece in the BSE this afternoon.
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