Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Sign up to CarWale

Please enter your name
+91
Please enter your mobile number
Please enter your password
Please enter your password
Ad

Mahindra to spend Rs 7,500 crore to expand capacity

June 24, 2015, 01:15 PM IST by Pratheek Kunder
Mahindra to spend Rs 7,500 crore to expand capacity

Mahindra has announced that it will invest Rs 7,500 crore in capacity expansion across its verticals. This money will be spent on the automotive and the tractor business over a period of three years.

The company has set a capex of Rs 2,500 crore a year that will cover the firm's automotive and farm equipment businesses including SUVs, two wheelers, commercial vehicles and tractors. This investment will also cover new product platforms along with facelifts that has been planned for future. 

"We have had some product gaps but new product launches have started and these new products will pull us out. The Rs 7500 crore capex will include two new compact SUV platforms as well as new intermediate commercial vehicles (ICV) and medium commercial vehicles (MCV) platforms," said Pawan Goenka, group president, auto & farm sector, Mahindra. 

 
Show CommentsHide Comments
Ad

Mahindra Bolero Price in Popular Cities

CityOn-Road Prices
Mumbai₹ 8.71 Lakhs onwards
Bangalore₹ 9.08 Lakhs onwards
New Delhi₹ 8.69 Lakhs onwards
Hyderabad₹ 8.96 Lakhs onwards
Chennai₹ 8.76 Lakhs onwards
Kolkata₹ 8.44 Lakhs onwards
  • Upcoming Cars

Tata HarrierTata Harrier

Jan 2019

16L - ₹ 22L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
Nissan KicksNissan Kicks

Jan 2019

10L - ₹ 15L
Maruti Suzuki Wagon R FaceliftMaruti Suzuki Wagon R Facelift

Jan 2019

4L - ₹ 6L
Kia SPKia SP

Jul 2019

14L - ₹ 20L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in