58.20 (1.87%) Mahindra & Mahindra (M&M) will be undertaking scheduled maintenance shutdown at some of its Automotive and Tractor plants in December, 2016. It will also observe on need basis few days as ‘No Production Days’ at some of its Automotive and / or Tractor plants including Chakan plant of its wholly owned subsidiary Mahindra Vehicle Manufacturers as part of its efforts to optimize inventories during December year-end.
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.
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.