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M&M resumes production at Nashik plant
MUMBAI |
MUMBAI (Reuters) - India's leading utility vehicle maker, Mahindra & Mahindra, said on Tuesday production had resumed at its Nashik plant in western India after a strike ended on Monday.
An industrial court had ruled last week the tool-down strike, which started on May 4 in protest against disciplinary action against a union leader, was unjustified and had ordered the strike to be called off.
The plant, which has a production capacity of 150,000 vehicles annually, produces its flagship Scorpio utility vehicle and the Renault Logan sedan car.
At 10:23 a.m. (0453 GMT), shares in Mahindra & Mahindra were trading 7.9 percent higher at 621 rupees, in a Mumbai market which was down 0.4 percent.
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