43.90 (1.42%) Auto major Mahindra & Mahindra (M&M) is all set to stop production for up to six days in the forthcoming months at its automotive plants to adjust output to demand in the market. The Management would be having a close watch on the market conditions and would from time to time be reviewing such 'No Production Days' to adjust production in line with the market demand.
Mahindra Vehicle Manufacturers, a wholly owned subsidiary of the company, would also be observing similar no production days for its plant at Chakan. Apart from the Chakan unit (Maharashtra), the company manufactures its automobiles at plants including in Nashik and Haridwar.
Earlier on July 11, the company announced that it would stop production at its automotive plants for a period ranging from 1 to 8 days during the remaining period of the month.