Mahindra plans new plant and added investment, considers marginal price hike as well
Mahindra, India’s leading utility vehicle and tractor makers have announced the setting up of a new plant. Investments to the tune of INR 10,000 crores over next three years have also been planned with a major part being directed towards this new plant as well as towards R&D facilities and future developments.
The falling rupee is a major concern which has also resulted in the company announcing a marginal price hike across range. Input costs are on the rise and though the company had increased prices by 2.5% in 2012 and 0.5% in July this year, a further price hike is inevitable.