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 suffers production loss of 3,000 engines

Date: 12-04-2013

Mahindra & Mahindra, country’s largest utility vehicle maker has suffered a production loss of around 3,000 engines because of the ‘tools down’ protest by its workers at Igatpuri engine manufacturing facility near Nashik. Work has been stopped at the Igatpuri Plant post the suspension of two workmen on disciplinary grounds one of them being a union office bearer. Around 1,600 employees are involved in tools down protest demanding reinstatement of the leader.

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.