June 17, 2019

Mahindra to observe no production days for up to 13 days this quarter

Mahindra & Mahindra (M&M) on Saturday said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand.

The company would be observing no production days during the first quarter ranging between 5-13 days across its automotive and farm equipment sector plants, M&M said in a regulatory filing. “The management does not envisage any adverse impact on availability of vehicles in the market due to adequacy of vehicle stocks to serve the market requirements,” it added.

Read more at https://www.thehindubusinessline.com/companies/mahindra-to-observe-no-production-days-for-up-to-13-days-this-quarter/article27696678.ece

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