After a gap of 50 days Ashok Leyland resumes plant operations

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Biznextindia : After a gap of 50 days, Ashok Leyland, India’s leading commercial vehicle maker on Wednesday announced that it has resumed plant operations. The company had suspended operations across all its plant locations since 24th March due to the lockdown enforced by the central government.

The shares of Ashok Layland up by 1.96% to Rs.49.40 at 12. 35 pm on the BSE.

“With the relaxation of the lockdown, we have resumed operations in all our plants across the country, after obtaining necessary approvals from the relevant authorities. In accordance with the stated guidelines as given by the Ministry of Home Affairs (MHA) and the relevant local authorities, we shall be ensuring all the necessary health and safety protocols in our facilities, for all stakeholders” said Vipin Sondhi, Managing Director & CEO, Ashok Leyland Limited.

Due to the lockdown, the company had reported a 90 per cent decline in domestic sales in March and zero sales in the month of April.

Following the resumption of operations, the company is now planning to ramp up production gradually.

“We will gradually ramp up production across facilities after taking into consideration the Work in Progress (WIP) that were on hold at the time of announcement of lock-down, the supply chain readiness after opening and most importantly the preparedness of the ancillary units to supply us critical components, for sustained production of vehicles” he added.

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