Mahindra & Mahindra Ltd.

Mahindra and Mahindra (M&M) has earmarked an investment of Rs 5,000 crore over the next three years for product development and capacity enhancement, besides setting up new plant. The company, additionally, plans to spend Rs 2,500 crore on acquisitions over the similar period.  However, the company is yet to finalize decision on the location of new plant.

The company’s domestic tractor sales for the month of May 2012 stood at 18019 units, as against 17952 units during May 2011. While, tractor exports for the month of May 2012 stood at 997 units. Company’s Farm Equipment Sector (FES), a part of the $15.4 billion Mahindra Group, maintained its leadership position in the tractor industry in May 2012.