Jamshedpur: The local Tata Motors factory in Jharkand is expected to remain shut from August 16 onwards, a company official said.
"The Tata Motors will remain closed for four days from August 16. Officially it will be two days block closure but technically it will be closed for four days," sources in Tata Motors had told this agency earlier.
There has been a sharp slowdown in the automobile industry. The acute stress in the auto sector has resulted in a slowdown and fears of mass joblessness.
Auto sales have plunged by 19 percent in July. This is the highest in as many as 19 years.