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

Posted on: Feb 13, 2014 - 4:43pm IST

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

  1. Dr. Nayak says:

    That is what happens when the organization is passed on from one generation to next generation family members. Look at Bollywood with zero creativity; you can sum it up in a single word ” inbred”

    Reply
  2. Madan says:

    I wonder why does Mahindra makes some funny looking vehicles like Xylo and Quanto. They are built with a lot of efforts and things going into it to it. At the same time they are unable impress us as they lack the basic instinct to impress with looks and drive. On the contrary Renault Duster is cheap Estate version car with big muscular fenders, running on big wheels giving the vehicle tougher looks, higher ground clearance, lighter to handle, fuel efficiency of a car….would say no for this stuff (It costs less to make a monocoque car.) Why do we take decades to change the models?? Why are you not keeping things updated frequently?? Why do wait for the volumes to dry up to change the models??? Have a glance at Hyundai which keeps market boiling for the competitors. Pity we lost HM and Premier for their granted attitude…your survival is very important for us. Hope you come out with some interesting things than Over smart stuff or under thought stuff…we want the right stuff…!!

    Reply
    1. smax says:

      You’ve summed it up well, Mahindra’s need of the hour is ‘clever’ design and not maximum metal for your money.

      Reply
  3. vijay says:

    Good. Thats where we Indians lag, R&D.

    Reply
    1. Dr. Nayak says:

      This is not about technology or R&D; it is common sense!

      Reply

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About the Author
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.