Report – M&M to invest Rs 5,000 crore in the next 3 years to upgrade facilities, develop products

Karthik

Karthik H, A bit of a car freak and a bike nut, and a fan of trucks and technology too. Expect sharp stories that focus on those four fronts. As always, stay tuned to IndianAutosBlog.com for quick and unassuming updates from across the world.

Mahindra & Mahindra has announced that it plans to invest Rs 5,000 crore in the next 3 years to develop 8-10 new variants and upgrades for existing products, amongst other fields.

2014 Mahindra Scorpio facelift IAB reader spied side
The Mahindra Scorpio facelift is expected in the second half of 2014.

A PTI report published on the Business Standard says that the company is also seeking to expand its production capacity and upgrade its infrastructure at existing plants. The company is exploring new locations for another manufacturing facility, M&M’s chief executive for the automotive division, Pravin Shah said.

Mahindra Mojo front three quarter right live
A senior Mahindra official had confirmed to IAB at the Auto Expo that the Mojo would be launched in a few months’ time.

Shah also said that the company is in talks with the Maharashtra government and expansion in the same state depends on if the government is willing to give the incentives the company is looking for. M&M, at present, has two manufacturing facilities outside Maharastra, in Zahirabad, Andhra Pradesh and Haridwar, Uttarakhand. In Maharastra, the company has one facility each in Igatpuri, Nasik, Chakan and Kandivali.

Mahindra Truxo 37 rigid front three quarter live
M&M is also expanding its portfolio of commercial vehicles with the likes of the Truxo 37.

The 8-10 variants that Shah spoke of is likely to include products in cars, motorcycles, trucks, buses and tractors. A major facelift that we expect to be launched in the middle of this year is that of the Scorpio. As for motorcycles, the Mahindra Mojo is expected to be launched in a few months’ time.

[Source – Business Standard]

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