Correct Answer : Mahindra & Mahindra Ltd
In anticipation of increased demand in the automotive sector, Mahindra & Mahindra Ltd has unveiled an ambitious plan to invest ?26,000 crore in its automotive business over the next three years. This significant investment will span from FY25 to FY27 and is aimed at developing new vehicles and enhancing production capacity.
Major Investments in Electric Vehicles :
A substantial portion of the investment,
?12,000 crore, is allocated to
Mahindra Electric Automobile Limited (MEAL), the company’s electric vehicle unit. The funds will be used to create and market a world-class electric SUV portfolio equipped with advanced technologies. Anish Shah, Managing Director of Mahindra & Mahindra Ltd, emphasized the importance of both ICE and electric vehicles for the company’s growth strategy.
Distribution of Investment Across Business Segments
The remaining investment will be distributed as follows:
* SUV Business : ?8,500 crore will be invested to bolster the company’s SUV lineup.
* Commercial Vehicles : ?4,000 crore is allocated to enhance the commercial vehicle segment.
* Farm Equipment : ?5,000 crore will be directed towards the farm equipment business.
Capacity Expansion Plans :
Mahindra & Mahindra plans to ramp up its production capacities significantly. By FY25, the company aims to increase its SUV capacity by 5,000 units and its electric vehicle capacity by 10,000 units. By the end of FY26, an additional 8,000 units of electric vehicle capacity are expected, bringing the overall SUV capacity to 72,000 units.
