Mahindra & Mahindra to invest $33 mn in trucks and buses,new productshttps://indianexpress.com/article/news-archive/web/mahindra-mahindra-to-invest-33-mn-in-trucks-and-buses-new-products/

Mahindra & Mahindra to invest $33 mn in trucks and buses,new products

Mahindra plans to invest another 3 billion rupees to explore new products.

Mahindra & Mahindra Ltd ,India’s biggest utility vehicle manufacturer,plans to invest 2 billion rupees ($32.74 million) to strengthen its current product line-up of trucks and buses,the company said in a statement on Wednesday.

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Mahindra plans to invest another 3 billion rupees to explore new products,it said.

On Tuesday,the company posted a forecast-beating 29 percent rise in first-quarter profit,as strong demand for its tractors compensated for falling sales of its sport utility vehicles.