Mahindra to take Scheduled Maintenance Shutdown in its Automotive Manufacturing Plants in May 2021

Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19.4 billion Mahindra Group, today announced that due to the evolving COVID situation in the country, the Company has scaled up its efforts to ensure health and safety of its employees, associates and supporting ecosystem.

Accordingly, the Company has decided to prepone the scheduled maintenance of four working days, in each of its Automotive Division Manufacturing Plants, to the month of May 2021, in a staggered manner. This was originally scheduled for June 2021.

The Company continues to work closely with its Dealers and Suppliers to minimize the impact of disruption in operations due to localized lockdown restrictions in various parts of the country.

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.753.1 as compared to the previous close of Rs. 752.85. The total number of shares traded during the day was 242305 in over 7637 trades.

The stock hit an intraday high of Rs. 766.7 and intraday low of 740.05. The net turnover during the day was Rs. 182920167.

Source : Equity Bulls

Keywords