Mahindra raises capex outlay to INR 15,900 cr till FY24, will launch 5-door Thar next year
Owing to the regulatory changes and market demand, Mahindra said it has revised its investments for the FY22-FY24 period. The company, which reported a 18% growth in net PAT for Q4FY23, plans to scale up its capacity to 49,000 units per month in order to bring down its waiting period substantially by the next six months. Mahindra will launch the Thar in its 5-door avatar next year and has laid out a comprehensive plan to increase exports over the next six years, in a phase-wise manner.
Tags : mahindra capex plans Mahindra Electric Automobile Limited mahindra thar 5-door launch mahindra revenue mahindra export plan mahindra oja platform launch mahindra investment
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