Mahindra & Mahindra said that operations of the company in March 2020 have been impacted due to supply disruptions of certain critical components for production of BS-VI vehicles.

Mahindra & Mahindra (M&M) in an exchange filing made after market hours yesterday announced that operations of the company in March 2020 have been further impacted due to supply disruptions of certain critical components for production of BS-VI vehicles on account of outbreak of Coronavirus and occurrence of fire at a plant of a major supplier in Chakan. The company anticipates that supply disruptions due to these factors could continue for part of April 2020 also before being set right.

M&M estimates reduction in production / sales volume of the company (automotive division) and Mahindra Vehicle Manufacturer (MVML), a wholly owned subsidiary of the company, by around 12,000 number of vehicles in March 2020.

Shares of M&M were down 0.64% at Rs 471.5. M&M has slumped 19.32% in last one month as compared to 14.3% fall in Nifty Auto index.

M&M operates in automotive segment comprising of sales of automobiles, farm equipment and sale of spare parts.

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