Friday 7 February 2014

M&M to invest Rs 5,000 crore for business development

In a bid to enhance capacity and infrastructure as well as development of new products, Mahindra & Mahindra (M&M) is planning to spend Rs 5,000 crore over the next three years. The company is also planning to introduce 8-10 new variants and upgrades of its products this year.

Further, the company is exploring new locations for expanding capacity. The company already has two manufacturing units at Zaheerabad and Haridwar and another four units in Maharashtra at Igatpuri (engine plant), Nasik, Chakan and Kandivali.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

No comments:

Post a Comment