Mahindra plans to invest Rs. 5,000 cr in next 3 yrs.

Auto major Mahindra & Mahindra (M&M) plans to invest Rs. 5,000 crore over the next three years towards infrastructure upgradation, product development and capacity expansion.

The company is also planning to introduce 8-10 new variants and upgrades of its products this year.

'Adding new products is a continuous process. We have grown consistently over the last few years. We plan to invest Rs. 5,000 crore over the next three years to continue this momentum,' M&M Chief Executive - Automotive Division Pravin Shah told PTI.

He added the investment will be made to enhance capacity and infrastructure as well as development of new products.

Talking about new manufacturing units, he said the company is exploring new locations for expanding capacity.

BS