Auto slowdown

"Due to low demand, we have decided to observe block closure (chassis division) for six days from Sept 16-21 at its manufacturing plant in Nawanshahr," the company said in a statement.

The commercial vehicle and two-wheeler sales are also significantly negative, indicating that the market has still not responded to various measures initiated by Finance Minister Nirmala Sitharaman last month, said SIAM President Rajan Wadhera.