Mahindra & Mahindra (M&M), India’s top utility vehicle and tractor manufacturer has announced that it intends to cease five of its plants temporarily between 3 to 6 days.

According to the sources, the shut down will help the company to cope up with on-going dismal economic condition in the automotive industry.

The sources further revealed that the conglomerate had registered a total sale of 10,955 units both domestic and exports in November 2008, as against 18,583 vehicles marketed in November 2007.

Scrip of Mahindra & Mahindra ended (on 5 December, Friday) at Rs 251, down 0.69 percent on National Stock Exchange (NSE). The total volume of shares traded was 434,250 at the NSE (Friday).