For Quick Alerts
For Daily Alerts

M&M to invest Rs 10,000 cr in next 3-yrs, plans to set up new auto plant

By Religare
M&M to invest Rs 10,000 cr in next 3-yrs
Mahindra & Mahindra Ltd (M&M) said it will invest Rs 10,000 crore in the next three years and part of the amount will go into setting up a new auto plant, reported PTI

"We are bullish about our future and will continue on our path of investing in that future. We are planning Rs 10,000 crore investment in the next three years, including a new auto plant," M&M Chairman and Managing Director Anand Mahindra told shareholders at the company's 67th annual general meeting (AGM) here.

He gave no details about the proposed facility. "Our past experience suggests this will pay dividends. In 2008, when the economy was slowing down, M&M was one of the few companies that continued to invest; and that investment is one of the major reasons why we significantly outperformed the industry over the last two financial years.

"And today as well, despite the difficult situation, we will continue along our investment path, not only in capacity building but also in R&D," Mahindra said.

"We will invest with an even greater focus on the frugality and efficiency of that investment. Mahindra Group is well prepared to take on a challenging environment."

Dion Global Solutions Ltd.

Read more about: mahindra mahindra
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more