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.
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.
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