M&M refutes rumours of Indonesia export halt

has issued a clarification to the stock exchange that there is no suspension of vehicle exports to Indonesia, following a rumor reported in the media. The company confirmed that it has not received any official communication regarding the matter.

This pertains to the export order received earlier for 35,000 units of LCVs from Agrinas Pangan Nusantara, Indonesia.

“The company has also received an advance payment for delivery of the abovementioned order. As on date, the company has not received any further intimation/communication from Indonesia about the suspension of order for the supply of vehicles,” it said in the stock exchange filing.

The closed 2 per cent lower on the NSE at ₹3,334.30 on Monday.

(This artilce was generated using AI)

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