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Mahindra & Mahindra Ltd.
BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3657.45
-1.30 (-0.04%) Fire breaks out at M&M’s Nasik manufacturing plant
Date: 09-05-2012Fire broke out at one of the storage areas pertaining to Mahindra & Mahindra’s (M&M) manufacturing of Scorpio/Xylo TCF lines of Nasik Plant 1. The fire broke out on May 09, 2012 morning. The fire has been restricted to this specific area and there has been no casualty.
As a safety measure, the operations of the plant have been suspended in the first shift and the cause and extent of damage is being ascertained. The production loss in the first shift is estimated to be around 250 vehicles.
Further, the plant assets are adequately covered by insurance. The management expects to restart the Bolero & Verito lines fully and the Scorpio line partially from the second shift onwards.