Business »  Topic »  Mahindra and Mahindra extends plants shutdown for 3 days

Mahindra and Mahindra extends plants shutdown for 3 days


In a stock exchange filing, the Mumbai-based automaker said its automotive sector plants will be shut for an additional three days, while the farm equipment manufacturing plants will be shut for one-three days.

This is the second consecutive quarter in which M&M will be trimming production, following no production days for up to 13 days in April-June.

With retail sales not picking up, Mahindra & Mahindra (M&M) has extended its plant shutdown period by three days as demand remains weak and inventory at dealers is still higher than normal. The company had last month announced it would keep its plants ...


Read the full text financialexpress