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Slack demand sees 5th closure of Tata Motors Jamshedpur plant

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Press Trust of India Jamshedpur

Tata Motors' commercial vehicle plant here will be closed for six days, from January 12 to January 17, for the fifth time since November last year, a company official said today.

Earlier, the plant was closed during November 6-8, November 25-29, December 8-13 and December 28-31, due to slump in demand.

Continuous unavailability of finance, coupled with high interest rates across the industry, was forcing customers to postpone purchases, company spokesman P J Singh said.

"This calls for appropriate action from Tata Motors from time to time to match the production with demand and avoid unnecessary build-up of inventories in the company or with the dealers," Singh said.

 

This closure is in line with the objective, as in the case of previous closures, he said.

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First Published: Jan 09 2009 | 1:29 PM IST

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