Mahindra and Mahindra (M&M) said that it was increasing the production of its `Xylo` in a bid to decrease the waiting list for the product, reports Economic Times.
The company last month launched its Mahindra Xylo, a multi-purpose vehicle targeting high-end customers.
The company said that their inventory with dealers was lower than what it targeted because the company was apprehensive about where the market was going.
Shares of the company closed down Rs 15.75, or 5.01%, at Rs 298.70. The total volume of shares traded at the BSE was 159,462 (Tuesday).
Source : myiris.com (2/18/2009)
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