Mahindra & Mahindra lines up capex of Rs 15,000 crore for 3 years

Mahindra & Mahindra

A top official of Mahindra & Mahindra has said the company has a capital expenditure of Rs 15,000 crore for three years.

Speaking to DNA, V S Parthasarathy, chief financial officer of the company, said out of the Rs 15,000 crore capex, Rs 10,000 crore will be used for product development and remaining Rs 5,000 crore for investments.

“Several billion-dollar babies are lying in our umbrella and we want them to move to the stock market and start the value creation process in the next few years,” he said.

Talking about trade wars, he said, “Trade wars will not have an impact on our business as we have decided to treat every country we are operating as our domestic/home market. For instance, the US, where we will have a manufacturing facility in Detroit. Similarly, we also have 4-5 tractor plants in the US. This means that we are treating it as a domestic market and Made in the US for the US kind of thing.”

Image credit : bsmedia.business-standard.com

Author: Research Desk