tractorgyan home logotractorgyan logo
tractorgyan rupee logo
hamburger icon

Mahindra to observe no production days at plants for up to 13 days this quarter

Mahindra to observe no production days at plants for up to 13 days this quarter image
By Tractor GyanJun 08, 2019 09:57 AM
Share
facebook-iconlinkedin-icontwitter-iconwhatsapp-iconemail-icon

Homegrown auto major Mahindra & Mahindra (M&M) Saturday said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand.


The company would be observing no production days during the first quarter ranging between 5-13 days across its automotive and farm equipment sector plants, Mahindra tractors said in a regulatory filing.

 

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

 

Last month, Maruti Suzuki India (MSI) had shut production for a day at its Gurgaon and Manesar plants to manage rising inventory levels.


Auto manufacturers have been facing muted sales for quite some time now. The slowdown has forced companies to adjust their production schedules to market demand.


Overall passenger vehicle sales in India dropped over 17 percent in April, the worst monthly fall in nearly eight years, as subdued sentiment and the ongoing liquidity crunch hit car sales.

Homegrown auto major MahindraNSE -0.16 % & Mahindra (M&M) Saturday said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand.

The company would be observing no production days during the first quarter ranging between 5-13 days across its automotive and farm equipment sector plants, M&M said in a regulatory filing.

"The management does not envisage any adverse impact on availability of vehicles in the market due to ..

 
Homegrown auto major MahindraNSE -0.16 % & Mahindra (M&M) Saturday said it will shut production across plants for up to 13 days in the ongoing quarter to adjust to market demand.

The company would be observing no production days during the first quarter ranging between 5-13 days across its automotive and farm equipment sector plants, M&M said in a regulatory filing.

"The management does not envisage any adverse impact on availability of vehicles in the market due to ..

 

Source: Economic Times

 

Read More

 Which tractors are best-budget tractors in 2021? Where to buy them from?       

Which tractors are best-budget tractors in 2021? Where to buy them from?   

  Read More  

 कृषि में मुनाफा देने वाले, ये हैं भारत के टॉप 7 ट्रैक्टर - 2021।       

कृषि में मुनाफा देने वाले, ये हैं भारत के टॉप 7 ट्रैक्टर - 2021।                                              

Read More  

 जानिये नये महिंद्रा 575 डीआई एक्सपी प्लस पुराने महिंद्रा 575 डीआई से कितना अलग है!       

जानिये नये महिंद्रा 575 डीआई एक्सपी प्लस पुराने महिंद्रा 575 डीआई से कितना अलग है!      

Read More

Write Your Comment About Mahindra to observe no production days at plants for up to 13 days this quarter

+91
Review-Image
Tractor-iconTractorImplements-iconImplementsTyres-iconTyresTractor Finance-iconTractor Finance