Sunday, December 7, 2008

Tata Motors Ltd. and Mahindra & Mahindra Ltd

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Indian automotive producer Tata Motors Ltd. and Mahindra & Mahindra Ltd. will close the factory for six days in December 2008 because of weak demand of vehicles which affected by the tight financing in the middle of a slowing economy.

The leading vehicle manufacturers in India, Tata Motors, planning to close the weighing vehicle factories in East India for six days as said a spokesperson for Tata.

It is said that at the beginning of this week Tata has decided to close the commercial vehicle factory in Western India for three days.

Tata Motors, the leading producer for the bus and truck, stated that vehicle sales in November dropped 30 percent to 32,696 units.

Meanwhile, the tractor manufacturer and the largest utility vehicles, Mahindra, states, most of the factory will close up to six days in December due to decreased demand. "Considering the decline in demand, the company decided to stop production to match demand for this December," he said.

Mahindra, which has joint venture with Renault to produces  the Logan sedan,  stating that the vehicle sales in November decreased 39 percent to 11,273 units.