Mahindra & Mahindra to observe ‘no production days’ of around 7 days in September
Consequently the company will be observing ‘No Production Days’ of around 7 days in its Automotive Division plants in the month of September, 2021, which is estimated to result in reduction in Production Volumes of the Automotive Division in Septe...
Consequently the company will be observing ‘No Production Days’ of around 7 days in its Automotive Division plants in the month of September, 2021, which is estimated to result in reduction in Production Volumes of the Automotive Division in September, 2021 by 20-25%, the company said in a statement to BSE today.
The Revenue and profitability will be impacted in line with the fall in production volumes. The Company is taking various cost optimisation measures to limit the impact, it said.
However, there will be no material impact of the above event on the XUV7OO production ramp-up and launch plans. The date of commencement of Bookings will be announced soon.
The Company’s Tractor operations, Exports, Trucks and Buses business and 3-wheeler Production are unaffected by the above disruption.
As the situation is dynamic, the UV major is carefully reviewing the supply situation and all efforts are being made to minimize the impact.
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