Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3394.30
-148.30 (-4.19%)
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Mahindra & Mahindra stops work at Igatpuri Plant

Date: 10-04-2013

Work has been stopped at the Mahindra & Mahindra’s Igatpuri Plant due to a tool down strike by the Union. This is post the suspension of two workmen on disciplinary grounds one of them being an union office bearer. The Company is in constant dialogue with the union for an early solution of the issue. The Company has currently sufficient stock of engines for production of its vehicles.

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.