The Indian utility major Mahindra & Mahindra (M&M), with a view to liquidating the inventory has decided to observe no production days up to 2 days a week during the remainder of the month at its three tractor plants.
It was mentioned that in a communication to the stock exchanges, M&M said that as part of its ongoing rationalisation of finished stocks, it would be observing no production days of up to 2 days a week for the remaining period of March at the tractor plants at Rudrapur, Nagpur and Jaipur.
According to reports, the company did not envisage any material adverse impact on availability of tractors in the market due to adequacy of tractor stocks to serve the market requirements.Automobile News
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