43.90 (1.42%) In a bid to meet increasing demand for its Centuro model, Mahindra Two Wheelers (MTWL), a part of the $16.2 billion Mahindra Group, is planning to increase its production capacity. The rise in production capacity will also support the upcoming 6-8 vehicles launches over the next two years.
The company has already ramped up its manufacturing capacity to 1200 vehicles per day from 500-600 and expecting to increase this to 1700-1800 vehicles a day.
Mahindra & Mahindra (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.