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Friday, November 7, 2008

Tata Motors clarifies on Pune plant shutdown

Tata Motors clarified that in its course of operation, adjusts its production to meet the demand for its products, like working on single shift basis or three shift basis instead of normal / double shift operations as also temporary shut down.

This shut down at Pune would also be one of such measures taken by the Company to avoid unnecessary inventory build up.

Further the Company has informed that, the passenger car plant is working in its normal manner

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 26
20:30 Kansas Fed Manufacturing Activity 1 5 -10
21:00 4-Week Bill Auction 1 4.00% 4.06%
22:30 7-Year Note Auction 1 4.022% 4.194%
22:45 Fed's Barr speech 2
Friday, Jun 27
03:30 ANZ – Roy Morgan Consumer Confidence 2 98.8 92.9
04:30 Fed's Kashkari speech 2
17:00 Fed's Williams speech 2
18:00 Personal Spending 2 0.1% 0.2%
18:00 Personal Consumption Expenditures - Price Index (MoM) 2 0.1% 0.1%
18:00 Personal Income (MoM) 2 0.3% 0.8%
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