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Read more about M&M Q4 results: Impairment charge shrinks net profit to Rs 162 crore on Business Standard. Revenues beat estimates, company chalks out a Rs 17K crore plan to aid growth
›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.