M&M to stop production for 3 days during this month

Tags: M&M, Companies
Homegrown auto major Mahindra & Mahindra Ltd today announced stoppage of production for up to three days during the rest of the ongoing month in view of the slump in demand.

"...As part of aligning its production with sales requirements, (Mahindra & Mahindra) would be observing no production days at the company's automotive plants for up to three days during the remaining period of May, 2014," Mahindra & Mahindra said in a BSE filing.

It further said that one of its wholly-owned subsidiary Mahindra Vehicle Manufacturers Ltd's plant at Chakan would also be observing no production days for up to three days during the remaining period of May 2014.

"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," it said.

The company had reported 12 per cent decline in total sales at 36,274 units in April. Its domestic sales stood at 34,107 units as against 39,902 units in the same month of previous year, down 15 per cent.

Earlier in January this year, the company had undertaken a similar no production days for three months to adjust production to market demand.

M&M has manufacturing units at Chakan (near Pune), Nashik and Haridwar for its automotive sector.

Shares of M&M were being quoted lower by 0.03 per cent at Rs 1,135.1 in midday trade on the BSE.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Not the best gift for Modi, but bypoll result may not affect BJP in long run

    In India’s hardball political landscape, there is little place for anyone to rest on their laurels, not the least if you are a successful prime mini

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Scientific and field level know-how

Recently addressing the scientists of the Indian Council of Agricultural ...

Rajgopal Nidamboor

How synchronous empathy helps us

All of us are in an undulating ‘hypnotic’ state. A ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture