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Is M&M Witnessing Recession Blues?

As per available reports M&M is witnessing recession blues as it has ordered observance of no production days upto 2 days per week, at tractor plants located at Rudrapur, Nagpur and Jaipur.

This exercise is being done to bring the inventory under control due to slow offtake. This sytem may remain in force till March end as we forsee demand picking in month of April due to beginning of fresh fresh cultivation process.

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