Mahindra to Invest $1.8 Billion in Capital Expenditures

[MahindraPlanet]

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In continuation of yesterday’s news of Mahindra’s impressive 40% gain in net profit for the first fiscal quarter of 2010, Mahindra has also announced that they will be making a USD $1.8 billion...

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[howam00]

hopefully this will allow for production of more and multiple vehicles out of the smae plant to handle demand in multiple markets. The only issue with this helping the US market is the chicken tax that we know Mahindra isn't going to pay into forever.

It will likely allow them to ramp up production on the next generation vehicles and keep the supply probelms from happening, but i doubt it matters for the US trucks.

[ToxicSludge]

Originally Posted by howam00

hopefully this will allow for production of more and multiple vehicles out of the smae plant to handle demand in multiple markets. The only issue with this helping the US market is the chicken tax that we know Mahindra isn't going to pay into forever.

It will likely allow them to ramp up production on the next generation vehicles and keep the supply probelms from happening, but i doubt it matters for the US trucks.

Hell,we're still waiting for them to "ramp up" the first gen..

[howam00]

only for us mind you, and i think its gen 2 right now.