Mahindra & Mahindra Ltd.

Mahindra and Mahindra (M&M) is reportedly considering investing about Rs 4000 crore in a new factory, as it readies new models for an anticipated pickup in sales.

The proposed new plant would have capacity to make 400,000 vehicles annually, and an announcement on its development would be made soon. The company has been looking at this plant for some time and because of a slowdown in the industry it was delayed.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.