M&M to pump in Rs. 5,000 crore for further expansion and new model launches

India’s largest utility vehicle maker, Mahindra & Mahindra (M&M), has outlined an investment outlay of nearly Rs. 5,000-crore from FY 09 to FY 12, that has been earmarked specifically for scaling up its output, introducing new models, and expanding its overseas operations. It has also been learnt that M&M will also invest Rs. 2,500-crore at its Chakan plant in Pune, which will have a capacity to manufacture 2,50,000 units per annum. The Mumbai-based company is drawing up plans to launch an array of new models in the four-wheeler category in Q3 FY 10 and medium heavy trucks by December-January. The company will also be rolling out an all-new premium SUV from its Chakan facility, which will involve investments worth Rs. 600-700 crore.
for full story click here : M&M to pump in Rs. 5,000 crore for further expansion and new model launches