The stock price of auto companies Tata Motors and Ashok Leyland dipped sharply on Thursday as the companies said they would cut production to adjust to the fall in demand and piling inventories.
While Tata Motors fell by more than 12 per cent on Thursday, Ashok Leyland slipped by more than nine per cent.
Tata Motors announced on Wednesday that it had decided to shut down its Jamshedpur plant for three days starting Thursday.
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Courtesy: indiacar.net
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