-14.40 (-0.41%) Mahindra & Mahindra (M&M), country’s leading sport utility vehicle (SUV) manufacturer, is contemplating an option of investing nearly Rs 3,000 crore in state of Madhya Pradesh in order to set up an SUV manufacturing facility. If the company actually invests Rs 3,000 crore then it will be the biggest such investment in the state.
Besides, the company would be launching its highly anticipated high-end SUV SsangYong Rexton in India on October 17, 2012 in Mumbai.
Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.