Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M), as part of its ongoing rationalization of finished stocks, would be observing no production days up to 2 days per week for the remaining period of March, 2012 at the company's Tractor Plants located at Rudrapur, Nagpur and Jaipur.

However, the management of the company does not envisage any material adverse impact on availability of tractors in the market due to adequacy of tractor stocks to serve the market requirements.

Auto major, Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES) division reported a fall of 19.56% in tractor sales to 15,316 units in February 2012 as against 19,041 units for the same period last year. Domestic sales in February 2012 stood at 14,341 units, down by 20.92% as against 18,134 units during February 2011. Exports for the month stood at 975 units, registering a growth of 7%.