43.90 (1.42%) Mahindra and Mahindra (M&M), country’s major automobile maker, which has exhausted its launch pipeline, is planning to invest Rs 300 crore to explore new products. The last new model launched by the company was the hatchback Verito Vibe, which was a few months back. Further, the company is also planning to invest Rs 200 crore to strengthen current truck and tractor line-up.
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.