30.20 (0.97%) Mahindra & Mahindra (M&M) may observe on a need basis 1 to 7 days in a month as ‘No Production Days’ at some of its Automotive and/or Tractor plants and /or Chakan plant of its wholly owned subsidiary Mahindra Vehicle Manufacturers during the period up to March, 2015. This step has been taken as part of its efforts to align its production with sales requirements.
The management does not envisage any adverse impact on the availability of products in the market due to adequacy of stocks to serve the market requirements.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.