Ashok Leyland to halt production for 5 days at Pantnagar as stocks pile up

Move follows slowdown in CV sales; No work on June 17 and 24, but employees will still get pay

The country's second-largest commercial vehicle maker, Ashok Leyland, has decided to halt production at its Pantnagar unit for five days as part of its strategy to align production with sales requirements. 

The company recently informed its employees that it decided to take corrective and austerity measures and curtail two "sixth days" in the month of June -- the 17th and the 24th, both being Mondays. The measures follow increasing vehicle inventories due to slowdown in commercial vehicle sales.

In an announcement to the exchange today, the company said as part of its strategy to align production with sales requirements, the Pantnagar unit