Another Indian commercial vehicle manufacturer has taken the hit for the downfall of the Indian automotive industry. Yesterday, Daimler India has declared “No-production days” for six days in September and October of 2019. The reason? the critical growth slowdown in the automotive industry.
- Earlier this month, following the footsteps of automotive giant Ashok Leyland, Daimler India also announced non-working days for the upcoming month of October 2019 after citing continuation of sluggishness and contraction in the commercial vehicle industry.
- According to leading sources, DCIV ( Daimler India Commercial Vehicles) will have 3 non-productive days in September 2019 and 3 non-productive days in October 2019. Moreover, all permanent employees have been granted additional vacation days as compensation.
- Daimler is the third major company after Ashok Leyland and TVS to have announced no-production days for their production line. Daimler India commercial vehicles private limited is a subsidiary division of Daimler AG and manufactures different types of commercial vehicles.
- The Company began its production in June 2012 and launched its first-ever heavy-duty truck within two-months. Earlier today a spokesperson from the company said in a statement that the company is closely monitoring the market demand and according to that, they will be deciding on which days to put up as non-productive days.