Mahindra to invest $ 82 m in trucks and buses, new products
Monday, 19 August 2013 00:00
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Reuters: Mahindra & Mahindra Ltd., India’s biggest utility vehicle manufacturer, plans to invest 2 billion rupees to strengthen its current product line-up of trucks and buses, the company said in a statement.
Mahindra plans to invest another 3 billion rupees to explore new products, it said. On Tuesday, the company posted a forecast-beating 29% rise in first-quarter profit, as strong demand for its tractors compensated for falling sales of its sport utility vehicles.
