Mahindra & Mahindra temporarily shuts down plants for optimising inventories

In December 2016

Mahindra & Mahindra announced that the Company will be undertaking scheduled maintenance shutdown at some of its Automotive and Tractor plants in December, 2016. It will also observe on need basis few days as 'No Production Days' at some of its Automotive and / or Tractor plants including Chakan plant of its wholly owned subsidiary Mahindra Vehicle Manufacturers as part of its efforts to optimize inventories during December year-end.

The Management does not envisage any adverse impact on the availability of products in the market due to adequacy of stocks to serve the market requirements.

Powered by Capital Market - Live News