M&M to invest Rs 10000 crore over three years: Report

Mahindra & Mahindra (M&M) is reportedly planning to invest Rs 10000 crore ($1.49 billion) over three fiscal years ending March 2018. The company will invest Rs 7500 crore of the total in auto, tractor and related businesses, while the remaining will be used for possible acquisitions.

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.