TATA Jamshedpur plant to undergo temporary closure; To undergo maintenance for five days.

"Tata Motors Jamshedpur Plant will observe block closure from 18th to 22nd May. This is to conduct our annual maintenance activities and also support the ongoing state-wide lockdown being observed to break the chain of the prevailing pandemic," said a statement issued by the company. 

Jamshedpur plant manufactures heavy commercial vehicles like trucks and buses. Amidst the rising cases in the state, lockdown is imposed in the state of Jharkhand. Bus operations have been suspended till May 27, around 50 per cent of the Tata Motors workforce are facing difficulty in reaching the facility. Production of commercial vehicles has been scaled down due to the Covid-19 pandemic.

 Tata Motor group is conducting a board meeting today, 19 May 2021. "The board in the said meeting would also consider a proposal for raising funds by way of issue of one or more instruments including convertible securities of any description or debt securities, through a preferential issue, private placements, rights issue or any other methods or a combination thereof in the domestic and/or international markets," Tata Motors had said in a regulatory filing a few days ago.

Tata Motors Group is one of the leading automobile manufacturing company globally, worth at 35-billion-dollars. Taking cautions in the second wave Tata Motors says it is more careful and has taken steps to ensure that the interests of its customers, dealers and suppliers are not hurt due to the lockdown enforced in many parts of the country.