Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3129.15
43.90 (1.42%)
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M&M to invest Rs 10,000 crore over next three years for expansion

Date: 14-08-2013

In a bid to expand its business, Mahindra & Mahindra (M&M) is planning to invest Rs 10,000 crore over next three years. Of total Rs 10,000 crore investments, the company will use part of the amount for setting up a new auto plant.

Further, the company is planning to invest Rs 2,500 crore in its subsidiaries over next few years. Moreover, the company is expecting double digit growth from tractor segment in FY14.

Recently, the company reported 29.25% rise in its net profit after tax at Rs 937.91 crore for the quarter as compared to Rs 725.64 crore for the same quarter in the previous year. The total income of the company increased by 8.06% at Rs 10186.75 crore for quarter under review as compared to Rs 9427.24 crore for the quarter ended June 30, 2012.