›M&M to invest Rs 17,000 crore in three years, Q4 net muted due to SsangYong related write-offs
M&M to invest Rs 17,000 crore in three years, Q4 net muted due to SsangYong related write-offs
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M&M to invest Rs 17,000 crore in three years, Q4 net muted due to SsangYong related write-offsBy
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Synopsis
Of the Rs 17,000 crore, Rs 6,000 crore will be allocated to the automotive business, Rs 3,000 crore for the farm equipment business and Rs 3,000 crore for the electric vehicle business. This investment will mainly go into the development of new products and capacity expansion.
Agencies
The balance Rs 5000 crore for equity investment into other group companies.
The company wants to offer customers a hassle-free ownership experience as they will continue to have unrestricted personalised as well as digital and contactless sales and service support, he added.
View: Mutual Nirbharta must to maximise vaccine manufacturing capacity
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Last Updated: May 24, 2021, 10:21 AM IST
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In this interdependent world, the research on a vaccine, its ingredients and its manufacturers are in different countries. India must never do anything to return to isolationism. It can be a powerhouse of vaccine manufacturing if other countries cooperate. It cannot do it alone, and cooperation must come through a two-way street.
AFP
The writer is former director general, Confederation of Indian Industry (CII)
The world is slamming India for the devastation caused in the country from the second wave of Covid-19, a much stronger variant of the virus that struck in 2020. But there is a bigger story that has already begun the vaccination story.
Maruti, Toyota, M&M remain bullish on long-term growth of used car business
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Last Updated: May 23, 2021, 11:07 AM IST
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The companies remain a bit circumspect regarding the near-term situation owing to the pandemic but expect the segment to grow on a long-term basis with personal mobility gaining acceptance amid the coronavirus pandemic.
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Home-grown auto major Mahindra & Mahindra (M&M) said it remained bullish on the growth prospects of its used car business.
Leading automakers
Maruti Suzuki India (MSI), Mahindra & Mahindra and Toyota Kirloskar Motor are bullish on the long-term growth prospects of their respective used car verticals even as the second wave of COVID-19 continues to pose severe challenges to the business activities across the country.