M&M to shut plants for up to 3 days in Jan

Automobile maker Mahindra & Mahindra (M&M) will stop manufacturing activities for up to three days this month across its plants in the country to adjust production with demand.

"The company, as part of aligning its production with sales requirements, would be observing no production days at the company's automotive plants for one to three days during the remaining period of January," M&M said in a filing to the BSE exchange.

Mahindra Vehicle Manufacturers, a wholly owned subsidiary, would also be observing no-production days at the Chakan plant in Maharashtra for up to three days this month, it added.

"The management does not envisage any adverse impact on availability of vehicles in the market due to adequacy of vehicle stocks to serve the market requirements," the company said.