M&M to invest Rs. 17,000 crore in three years, Q4 net muted due to SsangYong related write-offs.

Mahindra & Mahindra has lined up an investment of close to Rs.. 17,000 crore ($2.3 billion) over the next three years, when it plans to launch a number of new products to recoup the lost share in utility vehicles and build on the leadership in farm equipment.

The maker of the Thar and XUV 300 SUVs recently reported a 48% increase in revenue for the fiscal fourth quarter, but profit remained muted as the company took exceptional charges on account of bankrupt Korean subsidiary SsangYong and other long-term investments. 

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