Mahindra plans ₹25,000 cr capex by FY2028 with AAA rating
pre-market1 source ↓written by the desknot a recommendation
Mahindra announced plans for capital expenditure of ₹20,000 cr to ₹25,000 cr by FY2028, focusing on automotive and farm equipment sectors. ICRA reaffirmed its AAA rating with a stable outlook, supporting the company's growth strategy, including a proposed greenfield facility in Nagpur. This investment aims to enhance product development and expand electric vehicle production. 📈
Not investment advice. For informational purposes only.