Auto Component Makers Declare Non-Working Days Amid Slowdown | Read
In Chennai, two auto component majors from the TVS group - Lucas TVS and Sundaram Clayton - have become the latest victims of the auto sector slowdown. On Thursday, auto electrical major Lucas TVS announced three non-working days till August 17 across all divisions in its Chennai plant except wipers, ABS and CCD. In a circular to its employees, the company said: "The situation is being monitored. Employees will be intimated when the business climate gets stable. We shall decide later on making up these non-working days."
