Mar 14, 2016 10:12 PM IST | Source: PTI

Mahindra earmarks Rs 10,000cr investment till FY18

Mahindra & Mahindra today said it will invest Rs 10,000 crore up to FY2017-18 to fund overall growth activity, including acquisitions.

Mahindra earmarks Rs 10,000cr investment till FY18

Mahindra & Mahindra today said it will invest Rs 10,000 crore up to FY2017-18 to fund overall growth activity, including acquisitions.

The company's investment plans range for three fiscal, starting with FY16 till FY18, with Rs 7,500 crore to go into M&M related businesses while Rs 2,500 crore would be invested into the group businesses, Mahindra & Mahindra said in an investor presentation on the BSE.

Elaborating, the company said: "This includes investment into any M&A activity, both in M&M and other group businesses.

Bulk of company's investments still go into auto, tractor and related businesses." The Mumbai-based company is developing a new range of engines, including petrol powertrains, as it looks to diversify its product portfolio.

It has also been expanding its model portfolio with the addition of new products like the newly-launched KUV100 and compact SUV TUV300. It is expected to launch an upgraded version of its compact SUV Quanto.

The company had also showcased its crossover XUV Aero in the Auto Expo held in February.

It had also launched a range of new range of trucks under the Blazo brand.

Mahindra & Mahindra shares today ended at Rs 1,211 a piece on the BSE, down 0.73 percent from previous close.

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