Aug 13, 2013, 09.30 PM IST
Mahindra & Mahindra chairman Anand Mahindra told CNBC-TV18 that he is confident of continuing to manufacture medium and heavy trucks and added that the company had plans for investments worth Rs 10,000 crore.
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Confident of truck rollout; eye Rs 10k cr investment: M&M
Mahindra & Mahindra chairman Anand Mahindra told CNBC-TV18 that he is confident of continuing to manufacture medium and heavy trucks and added that the company had plans for investments worth Rs 10,000 crore.
Like this story, share it with millions of investors on M3
Confident of truck rollout; eye Rs 10k cr investment: M&M
Mahindra & Mahindra chairman Anand Mahindra told CNBC-TV18 that he is confident of continuing to manufacture medium and heavy trucks and added that the company had plans for investments worth Rs 10,000 crore.
Attending his first Mahindra & Mahindra AGM as chairman, he added that exports to Bhutan went down due to the foreign exchange crisis and the exports to Nepal had reduced due to the unfavourable political situation. " SIAM is making representations to the government to highlight the continuing slowdown that is affecting the auto industry," he explained.
"We are planning investments, including a new automotive plant, worth Rs 10,000 crore over the next three years. We plan to protect margins better than other peers and we are better positioned to leverage the upside in difficult times," said Anand Mahindra.
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